EVENING SNAPSHOT - Americas Markets Summary

09 December 2008 00:01  [Source: ICIS news]

HOUSTON (ICIS news)--Here is Monday’s end-of-day Americas oil and chemical market summary from ICIS pricing.

CRUDE: WTI $44.08/bbl (up 37 cents), BRENT $43.42/bbl (up $3.68)
US crude futures rose in after-hours electronic Globex trading, extending the gains posted during the normal floor session. The energy complex staged a correction to oversold conditions while tracking a rally in the stock market. Saudi Arabia was reported as notifying various customers of cuts in term supplies and the US dollar fell against the euro. WTI (West Texas Intermediate) topped out at $44.70/bbl before retreating.
*Brent reflects the value of the ICE settlement on the day.

NATURAL GAS: $5.566/m Btu, down 17.6 cents
Natural gas values fell to start the week as variable weather expectations, bearish technicalities and recession anxieties pressured prices lower.

RBOB: $0.9618/gal, up 6.06 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) tracked higher, pushed by an upward correction in the energy complex.

BENZENE: The US benzene spot market was quiet with bids/offers talked around 69-75 cents/gal FOB (free on board) USG (US Gulf).

ETHYLENE: Ethylene for December traded at 15.25 cents/lb and 15.50 cents/lb, compared with a deal done at 15.25/lb on Friday.

PROPYLENE: The US refinery-grade propylene (RGP) market was quiet. RGP last traded at 12.25 cents/lb on Thursday.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 3 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly