EVENING SNAPSHOT - Americas Markets Summary

09 June 2009 23:45  [Source: ICIS news]

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

CRUDE: July WTI: $70.01/bbl, up $1.92; July Brent: $69.62/bbl, up $1.74
Crude prices spiked in after-hours electronic trading, extending the gains posted during the normal floor session. July West Texas Intermediate (WTI) rallied to $70.45/bbl and showed signs of rising further after the weekly supply statistics from the American Petroleum Institute (API) revealed a drawdown in crude stocks that was much greater than forecast and refined products inventories building less than expected.

NATURAL GAS: $3.731/MMBtu, no change
Natural gas prices were stable despite higher energy values.

RBOB: $1.9667/gal, up 3.07 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices rose during the trading session on rising crude futures.

BENZENE: Benzene barges for June were talked higher at $2.79-2.84/gal DDP (delivered, duty paid) on the back of Asian demand for derivative imports.

ETHYLENE: US spot ethylene for June was offered on Tuesday at 25.5 cents/lb with no bids reported. Ethylene last traded at 24.0 cents/lb on Monday.

PROPYLENE: US spot refinery-grade propylene (RGP) was notionally assessed at 34-35 cents/lb on Tuesday. RGP for June delivery 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 Europe Lunchtime Bulletin 2 November 2009)

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.

Printer Friendly