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, nat gas show little change
HOUSTON, March 12, 2019 (PCW) — April NYMEX crude futures settled up 8 cents at $56.87/bbl. May Brent at the close of the NYMEX increased 13 cents at $66.71/bbl. The May Brent/WTI spread widened to $9.51/bbl favoring Brent.
Prompt natural gas futures were up 1.2 cents at $2.786/mmBtu. April NYMEX RBOB futures closed at $1.8155 gal, down 1.05 cpg.
April gasoline differentials were mostly lower versus Monday’s level.
A2 CBOB 87 regular was lower at 10.50 cpg under the screen.
CBOB 87 was down at 10.50 cpg under the screen.
D2 CBOB 93 premium was lower at 8.25 cpg over the screen.
CBOB 93 was down 8.25 cpg over the screen.
RBOB was steady 2.00 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $13.56 bbl, $8.20 bbl under the screen. – John Troland