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 is little changed, gas inches higher
HOUSTON, February 26, 2018 (PCW) — April NYMEX crude futures settled up 2 cents at $55.50/bbl. April Brent at the close of the NYMEX increased 45 cents at $65.21/bbl. The April Brent/WTI spread widened to $9.71/bbl favoring Brent.
Prompt natural gas futures were up 1.9 cents at $2.855/mmBtu. March NYMEX RBOB futures closed at $1.5863 gal, up 4.11 cpg. March gasoline differentials were higher versus Monday’s level.
A3 CBOB 87 regular was higher at 2.25 cpg under the screen.
CBOB 87 was up at 2.25 cpg under the screen.
D3 CBOB 93 premium was higher at 15.00 cpg over the screen.
CBOB 93 was up 15.00 cpg over the screen.
RBOB was higher 1.00 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $10.70 bbl, $6.40 bbl under the screen. – John Troland