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 Thursday Wrap: Oil, nat gas make small gains
HOUSTON, February 28, 2018 (PCW) — April NYMEX crude futures settled up 24 cents at $57.22/bbl. April Brent at the close of the NYMEX decreased 36 cents at $66.03/bbl. The April Brent/WTI spread narrowed to $8.81/bbl favoring Brent.
Prompt natural gas futures were up 1.3 cents at $2.812/mmBtu. March NYMEX RBOB futures closed at $1.6293 gal, down 0.47 cpg.
March gasoline differentials were lower versus Wednesday’s level.
A3 CBOB 87 regular was lower at 2.50 cpg under the screen.
CBOB 87 was down at 2.50 cpg under the screen.
D3 CBOB 93 premium was lower at 9.00 cpg over the screen.
CBOB 93 was down 9.00 cpg over the screen.
RBOB was lower 2.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $10.12 bbl, $6.81 bbl under the screen. – John Troland