EVENING SNAPSHOT - Americas Markets Summary

15 June 2009 23:29  [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: $70.62/bbl, down $1.42; July Brent: $69.44/bbl, down $1.48
During electronic trading, crude prices dipped towards $70.25/bbl, extending the losses posted in the normal NYMEX session. A strong dollar and a sell-off in the stock market encouraged the aggressive selling.

NATURAL GAS: $4.182/MMBtu, up 32.5 cents
Natural gas futures prices surged following reports that drilling and production rates were down compared with a year ago.

RBOB: $2.0530/gal, up 0.99 cent
Despite falling crude rates, reformulated gasoline blendstock for oxygenate blending (RBOB) futures rose on production issues.

BENZENE: June benzene barges were talked around $2.77-2.80/gal on a DDP (delivered, duty-paid) HTC (Houston-Texas City) basis.

ETHYLENE: June US spot ethylene was offered at 28.50 cents/lb and bid at 26.00 cents/lb on Monday, with no trades reported. June ethylene last traded at 27.25 cents/lb on Friday.

PROPYLENE: June refinery-grade propylene (RGP) was bid at 33.375 cents/lb on Monday with no trades reported. June RGP last traded at 34.375 cents/lb on 10 June.

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

By: Staff Reporter
+44 20 8652 3214

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