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 opens week with gain as gas stays steady
HOUSTON, March 4, 2019 (PCW) — April NYMEX crude futures settled up 79 cents at $56.59/bbl. May Brent at the close of the NYMEX increased 60 cents at $65.67/bbl. The May Brent/WTI spread narrowed to $8.70/bbl favoring Brent.
Prompt natural gas futures were down 0.2 cent at $2.857/mmBtu. April NYMEX RBOB futures closed at $1.7490 gal, up 1.87 cpg.
April gasoline differentials were higher versus Friday’s level.
A3 CBOB 87 regular was higher at 11.50 cpg under the screen.
CBOB 87 was up at 11.50 cpg under the screen.
D3 CBOB 93 premium was higher at 0.50 cpg over the screen.
CBOB 93 was up 0.50 cpg over the screen.
RBOB was higher 10.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $12.36 bbl, $8.22 bbl under the screen. – John Troland