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.
For more pricing intelligence please visit www.icispricing.com.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|