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NGLs Week

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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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NYMEX Thursday Wrap: Oil drops another dollar as gas slips

HOUSTON, November 8, 2018 (PCW) — December NYMEX crude futures settled down $1.00 at $60.67/bbl. It was the ninth straight daily decline. January Brent at the close of the NYMEX decreased $1.40 at $70.77 bbl. The January Brent/WTI spread narrowed to $9.81 bbl favoring Brent.

Prompt natural gas futures were down 1.2 cents at $3.543 mmBtu. December NYMEX RBOB futures closed at $1.6443 gal, down 0.31 cpg.

December gasoline differentials were lower versus Wednesday’s level.

The 3-2-1 crack spread in the Gulf Coast was $9.53 bbl, $6.20 /bbl under the screen. – John Troland

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