EVENING SNAPSHOT - Americas Markets Summary

01 July 2009 23:00  [Source: ICIS news]

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

CRUDE: Aug WTI: $69.31/bbl, down 58 cents; Aug Brent: $68.79/bbl, down 51 cents
Crude prices slipped a few cents, towards $69.25/bbl, during after-market electronic trading. That followed an extremely volatile session which saw prices fall sharply in response to US EIA stats showing a much greater-than-forecast build in refined products. A rally in the stock market kept the losses in check.

NATURAL GAS: $3.795/MMBtu, down 4.0 cents
Natural gas futures prices declined alongside weaker values in the energy complex.

RBOB: $1.8590/gal, down 4.3 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices dropped on a build in domestic inventories. The EIA reported a 2.3m bbl increase in US gasoline stocks.

BENZENE: Spot benzene for prompt loading was talked at $2.88-2.93/gal FOB (free on board) US Gulf, roughly equal with the previous day’s spot discussions and contract price settlement.

ETHYLENE: US July ethylene was steady at 23.75-24.00 cents/lb with no new deals heard.

PROPYLENE: Spot refinery-grade propylene (RGP) was notionally unchanged at 37 cents/lb.

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

By: Staff Reporter
+44 20 8652 3214

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