From PetroChem Wire . . . .
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 Monday Wrap: Oil falls $1.70, nat gas plunges
HOUSTON, January 28, 2018 (PCW) — March NYMEX crude futures settled down $1.70 at $51.99/bbl. March Brent at the close of the NYMEX decreased $1.71 at $59.93 bbl. The March Brent/WTI spread narrowed to $7.94 bbl favoring Brent.
Prompt natural gas futures were down 26.7 cents at $2.911 mmBtu. February NYMEX RBOB futures closed at $1.3331 gal, down 5.63 cpg.
January gasoline differentials were steady to lower versus Friday’s level.
A 4 CBOB 87 regular was steady at 4.00 cpg under the screen.
CBOB 87 was unchanged at 4.00 cpg under the screen.
D4 CBOB 93 premium was lower at 10.00 cpg over the screen.
CBOB 93 was down at 10.00 over the screen.
RBOB was lower 3.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $5.63 bbl, $5.61 /bbl under the screen. – John Troland