EVENING SNAPSHOT - Americas Markets Summary

30 April 2009 23:31  [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: $51.12/bbl, up 15 cents; Jun Brent: $50.80/bbl, up 2 cents
Crude futures rates trekked higher to close out the NYMEX session, but were mostly stable during the day on a firming US dollar and news that US automaker Chrysler had filed for bankruptcy protection. Both West Texas Intermediate (WTI) and Brent seesawed throughout much of the afternoon.

NATURAL GAS: $3.373/MMBtu, down 3 cents
Natural gas prices were driven down by an 82bcf build in domestic stockpiles, which was larger than expected.

RBOB: $1.4742/gal, up 2.58 cents
Gasoline futures prices continued to strengthen during the floor session as the May contract expired. Traders indicated the market was still being affected by Wednesday’s US government data, showing a 4.7m bbl drop in domestic stocks.

BENZENE: May benzene in the US Gulf was heard at $1.86-1.89/gal DDP (delivered, duty paid) HTC (Houston-Texas City), up from $1.85-1.88/gal amid reports that the May US contract price settled at $1.90/gal.

ETHYLENE: US spot ethylene bid/offers were at 21.00-23.25 cents/lb on Thursday. Ethylene was last heard traded at 22.125 cents/lb and 22.750 cents/lb on Tuesday.

PROPYLENE: US refinery grade propylene (RGP) spot prices were notionally assessed at 24.5-25.5 cents/lb on Thursday. May RGP last traded at 25.0 cents/lb on Wednesday, up from 24.0 cents/lb on 24 April.

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

By: Staff Reporter
+44 20 8652 3214

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