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 Wednesday Wrap: Oil rises as nat gas drops
HOUSTON, January 30 2018 (PCW) — March NYMEX crude futures settled up $0.92 per barrel at $54.23/bbl. March Brent at the close of the NYMEX increased $0.33 at $61.65 bbl. The March Brent/WTI spread narrowed to $7.42 bbl favoring Brent.
Prompt natural gas futures were down 4.9 cents at $2.854 mmBtu. February NYMEX RBOB futures closed at $1.3823 gal, up 3.14 cpg.
January gasoline differentials were mostly lower versus Tuesday’s level.
A 4 CBOB 87 regular was lower at 3.75 cpg under the screen.
CBOB 87 was down at 3.75 cpg under the screen.
D4 CBOB 93 premium was lower at 8.50 cpg over the screen.
CBOB 93 was down 8.50 over the screen.
RBOB was higher 2.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $5.80 bbl, $5.43 /bbl under the screen. – John Troland