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, gas, RBOB open week with declines
HOUSTON, February 4 2018 (PCW) — March NYMEX crude futures settled down $0.70 at $54.56/bbl. April Brent at the close of the NYMEX decreased $0.24 at $62.51 bbl. The April Brent/WTI spread widened to $7.62 bbl favoring Brent.
Prompt natural gas futures were down 7.4 cents at $2.660 mmBtu. March NYMEX RBOB futures closed at $1.4323 gal, down 0.46 cpg.
March gasoline differentials were mixed versus Friday’s level.
A 4 CBOB 87 regular was lower at 6.00 cpg under the screen.
CBOB 87 was down at 6.00 cpg under the screen.
D4 CBOB 93 premium was higher at 8.75 cpg over the screen.
CBOB 93 was up 8.75 over the screen.
RBOB was lower 4.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $6.66 bbl, $5.59 /bbl under the screen. – John Troland