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 Friday Wrap: Oil ends week with small drop
HOUSTON, March 15, 2019 (PCW) — April NYMEX crude futures settled down 9 cents at $58.52/bbl. May Brent at the close of the NYMEX decreased 7 cents at $67.16/bbl. The May Brent/WTI spread widened to $8.34/bbl favoring Brent.
Prompt natural gas futures were down 6.0 cents at $2.795/mmBtu. April NYMEX RBOB futures closed at $1.8577 gal, up 0.82 cpg.
April gasoline differentials were mixed versus Thursday’s level.
A2 CBOB 87 regular was higher at 9.50 cpg under the screen.
CBOB 87 was up at 9.50 cpg under the screen.
D2 CBOB 93 premium was lower at 6.75 cpg over the screen.
CBOB 93 was down 6.75 cpg over the screen.
RBOB was higher 4.00 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $13.08 bbl, $7.96 bbl under the screen. – John Troland