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 Friday Wrap: Oil ends week with drop, gas gains
HOUSTON, March 1, 2019 (PCW) — April NYMEX crude futures settled down $1.42 at $55.80/bbl. May Brent at the close of the NYMEX decreased $1.24 at $65.07/bbl. The May Brent/WTI spread narrowed to $8.88/bbl favoring Brent.
Prompt natural gas futures were up 4.7 cents at $2.859/mmBtu. April NYMEX RBOB futures closed at $1.7303 gal, down 2.20 cpg.
April gasoline differentials were lower versus Thursday’s level.
A3 CBOB 87 regular was lower at 13.50 cpg under the screen.
CBOB 87 was down at 13.50 cpg under the screen.
D3 CBOB 93 premium was lower at 0.25 cpg under the screen.
CBOB 93 was down 0.25 cpg under the screen.
RBOB was lower 11.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $11.91 bbl, $8.75 bbl under the screen. – John Troland