NOON SNAPSHOT - Americas Markets Summary

23 April 2009 18:21  [Source: ICIS news]

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

CRUDE: Jun WTI: $48.76/bbl, down 9 cents; Jun Brent: $49.65/bbl, down 16 cents
Crude futures prices dipped in the early floor session, trading on poor economic data revealing that US jobless claims rose more than expected. Overnight, NYMEX light sweet crude prices climbed to $49.92/bbl before dropping below the $49/bbl line once the trading house opened.

NATURAL GAS: $3.410/MMBtu, down 12.2 cents
A build in US natural gas stocks last week pushed futures prices down in early trading.

RBOB: $1.3714/gal, down 1.92 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) for May continued on a downward path with crude oil's decline and dismal economic indicators.

BENZENE: April barges on the US Gulf were talked higher amid an uptick in the global benzene markets. Prompt material was talked at $1.91-1.94/gal DDP (delivered, duty paid)/FOB (free on board) for April, with May offers heard 1-2 cents/gal higher. That compares with a notional $1.80-1.90/gal for April heard earlier in the week.

ETHYLENE: US ethylene bid/offers were last heard at 21.50-23.75 cents/lb. Ethylene for April was last heard traded at 23.50 cents/lb on Monday.

PROPYLENE: The refinery-grade propylene (RGP) market was quiet on Thursday. RGP last traded at 23.75 cents/lb on Tuesday, up from 23.50 cents/lb on 16 April.

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

By: Staff Reporter
+44 20 8652 3214

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