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 steady as gas inches higher
HOUSTON, March 5, 2019 (PCW) — April NYMEX crude futures settled down 3 cents at $56.56/bbl. May Brent at the close of the NYMEX increased 19 cents at $65.86/bbl. The May Brent/WTI spread widened to $8.92/bbl favoring Brent.
Prompt natural gas futures were up 2.7 cents at $2.884/mmBtu. April NYMEX RBOB futures closed at $1.7674 gal, up 1.84 cpg.
April gasoline differentials were mixed versus Monday’s level.
A3 CBOB 87 regular was lower at 12.50 cpg under the screen.
CBOB 87 was down at 12.50 cpg under the screen.
D3 CBOB 93 premium was higher at 3.25 cpg over the screen.
CBOB 93 was up 3.25 cpg over the screen.
RBOB was lower 11.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $12.80 bbl, $8.36 bbl under the screen. – John Troland