08 January 2009 23:01 [Source: ICIS news]
HOUSTON (ICIS news)--Here is Thursday’s end-of-day ?xml:namespace>
CRUDE: WTI $42.35/bbl (up 65 cents), BRENT $44.67/bbl (down $1.19)
US crude futures rose in after hours electronic Globex trading following an extremely volatile session. Prices were pushed and pulled by weakness in the stock market as well as in the US dollar and a disappointing economic outlook. WTI (West Texas Intermediate) bottomed out at $40.54/bbl before rebounding on bottom picking.
*Brent reflects the value of the ICE settlement on the day.
NATURAL GAS: $5.583/MMBtu, down 28.9 cents
Natural gas futures prices plummeted following a smaller-than-expected draw in natural gas inventories.
RBOB: $1.0882/gal, up 1.18 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) prices moved up despite a drop in crude oil.
BENZENE: US Gulf coast benzene was quiet with bids in the low-to-mid 80s cents/gal and offers notionally pegged around 91 cents/gal.
PROPYLENE: No refinery-grade propylene (RGP) deals were heard on Thursday. RGP for January last traded at 14.50 and 15.00 cents/lb on Monday.
For more pricing intelligence please visit www.icispricing.com
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