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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.

The 3-2-1 crack spread in the Gulf Coast was $6.69 bbl, $6.14 /bbl under the screen. – John Troland

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