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 Tuesday Wrap: Oil drops 90 cents as gas remains steady
HOUSTON, February 5 2018 (PCW) — March NYMEX crude futures settled down $0.90 at $53.66/bbl. April Brent at the close of the NYMEX decreased $0.53 at $61.98 bbl. The April Brent/WTI spread widened to $7.98 bbl favoring Brent.
Prompt natural gas futures were up 0.2 cents at $2.662 mmBtu. March NYMEX RBOB futures closed at $1.4259 gal, down 0.64 cpg.
March gasoline differentials were steady to higher versus Monday’s level.
A 4 CBOB 87 regular was steady at 6.00 cpg under the screen.
CBOB 87 was unchanged at 6.00 cpg under the screen.
D4 CBOB 93 premium was higher at 9.00 cpg over the screen.
CBOB 93 was up 9.00 over the screen.
RBOB was higher 3.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $6.69 bbl, $6.14 /bbl under the screen. – John Troland