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 inches up as nat gas steady
HOUSTON, February 6 2018 (PCW) — March NYMEX crude futures settled up $0.35 per barrel at $54.01/bbl. April Brent at the close of the NYMEX increased $0.71 at $62.69 bbl. The April Brent/WTI spread widened to $8.35 bbl favoring Brent.
Prompt natural gas futures were unchanged at $2.662 mmBtu. March NYMEX RBOB futures closed at $1.4591 gal, up 3.32 cpg.
March gasoline differentials were mostly higher versus Tuesday’s level.
A 4 CBOB 87 regular was higher at 5.75 cpg under the screen.
CBOB 87 was up at 5.75 cpg under the screen.
D4 CBOB 93 premium was higher at 9.50 cpg over the screen.
CBOB 93 was up 9.50 over the screen.
RBOB was lower 4.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $7.48 bbl, $6.14 /bbl under the screen. – John Troland