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 drops $1.78 as nat gas gains
HOUSTON, February 2, 2018 (PCW) — April NYMEX crude futures settled down $1.78 at $55.48/bbl. April Brent at the close of the NYMEX decreased $2.36 at $64.76/bbl. The April Brent/WTI spread narrowed to $9.28/bbl favoring Brent.
Prompt natural gas futures were up 11.9 cents at $2.836/mmBtu. March NYMEX RBOB futures closed at $1.5452 gal, down 6.60 cpg. March gasoline differentials were mixed versus Friday’s level.
A4 CBOB 87 regular was higher at 3.00 cpg under the screen.
CBOB 87 was up at 3.00 cpg under the screen.
D3 CBOB 93 premium was lower at 12.50 cpg over the screen.
CBOB 93 was down 12.50 cpg over the screen.
RBOB was lower 1.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.85 bbl, $6.73 bbl under the screen. – John Troland