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 Friday Wrap: Oil rises above $55, nat gas drops
HOUSTON, February 1 2018 (PCW) — March NYMEX crude futures settled up $1.47 at $55.26/bbl. April Brent at the close of the NYMEX increased $1.91 at $62.75 bbl. The April Brent/WTI spread widened to $7.20 bbl favoring Brent.
Prompt natural gas futures were down 8 cents at $2.734 mmBtu. March NYMEX RBOB futures closed at $1.4369 gal, up 5.93 cpg.
March gasoline differentials were lower versus Thursday’s level.
A 4 CBOB 87 regular was lower at 4.75 cpg under the screen.
CBOB 87 was down at 4.75 cpg under the screen.
D4 CBOB 93 premium was lower at 8.25 cpg over the screen.
CBOB 93 was down 8.25 over the screen.
RBOB was lower 3.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $6.19 bbl, $5.56 /bbl under the screen. – John Troland