23 April 2009 23:50 [Source: ICIS news]
HOUSTON (ICIS news)--Here is Thursday’s end-of-day Americas oil and chemical market summary from ICIS pricing.
CRUDE: Jun WTI: $49.62/bbl, up 77 cents; Jun Brent: $50.11/bbl, up 30 cents
Crude oil futures prices were volatile during the trading session as Wall Street strengthened amid a weakened dollar that attracted investors to the commodities markets. After sliding early in the day on economic data indicating larger-than-expected job loss claims and the pace of homes sales falling sharply lower than expected, West Texas Intermediate (WTI) reversed course and climbed back above the $49/bbl line.
NATURAL GAS: $3.409/MMBtu, down 12.3 cents
Natural gas futures fell on higher-than-anticipated builds in US inventories last week and mild forecasts the rest of the week.
RBOB: $1.3944/gal, up 0.38 cent
Reformulated gasoline blendstock for oxygenate blending (RBOB) barely settled in positive territory after a late-day rally on commodities.
For more pricing intelligence please visit www.icispricing.com.
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