NOON SNAPSHOT - Americas Markets Summary

24 April 2009 18:07  [Source: ICIS news]

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

CRUDE: Jun WTI: $51.23/bbl, up $1.61; Jun Brent: $51.65/bbl, up $1.54
Crude prices rose sharply, extending Thursday’s gains, in response to further weakening of the US dollar and a stock market rally. West Texas Intermediate (WTI) topped out at $51.75/bbl before retreating.

NATURAL GAS: $3.311/MMBtu, down 9.8 cents
Natural gas futures prices plunged in early floor trading as forecasts called for warmer temperatures, and domestic supplies were 23% higher than the five-year average, according to the US Energy Information Administration (EIA).

RBOB: $1.4335/gal, up 3.91 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices followed crude oil values higher.

BENZENE: US May benzene was talked in the mid $1.90s/gal, mostly unchanged from a day earlier.

ETHYLENE: US ethylene bid/offers were at 22.00-23.50 cents/lb on Friday. Ethylene for April was last heard traded at 23.50 cents/lb on Monday.

PROPYLENE: Refinery-grade propylene (RGP) for April was offered at 24.00 cents/lb on Friday. RGP for April traded at 23.50 cents/lb on Thursday.

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

By: Staff Reporter
+44 20 8652 3214

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