EVENING SNAPSHOT - Americas Markets Summary

05 January 2009 23:07  [Source: ICIS news]

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

CRUDE: WTI $48.42/bbl, down 39 cents; BRENT $49.62/bbl, up $2.71
US crude futures slipped in after-hours electronic Globex trading after surging during the normal floor session. Various geopolitical forces triggered a round of speculative buying across the energy complex. West Texas Intermediate (WTI) topped out at $49.28/bbl before retreating.
*Brent reflects the value of the ICE settlement on the day.

NATURAL GAS: $6.072/MMBtu, up 10.1 cents
Natural gas futures prices moved higher as industrial demand picked up and cold weather could linger across the northern US.

RBOB: $1.1824/gal, up 7.19 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices gained alongside rising crude oil values.

BENZENE: No change was noted in the US benzene market after earlier spot discussions were heard for January at 83-96 cents/gal.

ETHYLENE: US ethylene for January traded at 20.50 cents/lb on Monday. That compares with deals done at 20.50 and 20.75 cents/lb on 30 December.

PROPYLENE: No refinery-grade propylene (RGP) deals were heard on Monday. RGP last traded on 17 December at 13 cents/lb.

For more pricing intelligence please visit www.icispricing.com.

By: Staff Reporter
+44 20 8652 3214

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