EVENING SNAPSHOT - Americas Markets Summary

08 June 2009 23:40  [Source: ICIS news]

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

CRUDE: July WTI: $68.09/bbl, down 35 cents; July Brent: $67.88/bbl, down 46 cents
Prices stayed above $68.00/bbl during most of the day, spiking to a high of $68.79/bbl. However, the upward movement lost momentum as traders eyed a weaker Wall Street, which was slumping for most of the session.

NATURAL GAS: $3.731/MMBtu, down 13.7 cents
High inventories and economic pessimism for natural gas demand had futures settling in negative territory.

RBOB: $1.9360/gal, down 1.86 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures were soft amid a slight drop in crude oil prices and energy complex losses.

BENZENE: US Gulf coast benzene price ideas for June climbed to $2.60-2.68/gal DDP (delivered, duty paid), compared with $2.58-2.63/gal on Friday.

ETHYLENE: US spot ethylene for June delivery traded at 24 cents/lb on Monday, down from 24.50 cents/lb on Friday

PROPYLENE: US spot refinery-grade propylene (RGP) was notionally assessed at 34-35 cents/lb on Monday. June RGP last traded at 34.50 cents/lb on 4 June.

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

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 3 November 2009)

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