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 Wednesday Wrap: Oil and nat gas see declines
HOUSTON, March 6, 2019 (PCW) — April NYMEX crude futures settled down 34 cents at $56.22/bbl. May Brent at the close of the NYMEX increased 13 cents at $65.99/bbl. The May Brent/WTI spread widened to $9.37/bbl favoring Brent.
Prompt natural gas futures were down 4.3 cents at $2.841/mmBtu. April NYMEX RBOB futures closed at $1.7890 gal, up 2.16 cpg.
April gasoline differentials were higher versus Monday’s level.
A2 CBOB 87 regular was higher at 10.50 cpg under the screen.
CBOB 87 was up at 10.50 cpg under the screen.
D2 CBOB 93 premium was higher at 8.50 cpg over the screen.
CBOB 93 was up 8.50 cpg over the screen.
RBOB was higher 3.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $14.42 bbl, $7.68 bbl under the screen. – John Troland