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PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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NYMEX Tuesday Wrap: Nat gas plunges and oil drops $1.23

HOUSTON, January 22, 2018 (PCW) — February NYMEX crude futures settled down $1.23 at $52.57/bbl. March Brent at the close of the NYMEX decreased $1.20 at $61.50 bbl. The March Brent/WTI spread narrowed to $8.49 bbl favoring Brent.

Prompt natural gas futures were down 44.2 cents at $3.040 mmBtu. February NYMEX RBOB futures closed at $1.4015 gal, down 5.13 cpg.

January gasoline differentials were higher versus Friday’s level.

The 3-2-1 crack spread in the Gulf Coast was $8.93 bbl, $4.36 /bbl under the screen. – John Troland

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