EVENING SNAPSHOT - Americas Markets Summary

07 July 2009 23:11  [Source: ICIS news]

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

CRUDE: Aug WTI: $62.93/bbl, down $1.12; Aug Brent: $63.23/bbl, down 82 cents.
After settling in negative territory for the fifth consecutive session, crude prices worked lower towards $62.60/bbl during after-market electronic trading following a sell-off in the stock market.

NATURAL GAS: $3.429/MMBtu, down 5.8 cents
Natural gas futures prices declined with weaker rates across the energy board.

RBOB: $1.7328/gal, down 0.76 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices dropped on the back of sliding crude oil values. Market analysts expect supplies to gain 800,000 bbl when the US Energy Information Administration (EIA) releases its weekly report on Wednesday.

BENZENE: July benzene barges in the US Gulf held in a higher, tighter range of $2.86-2.90/gal DDP (delivered, duty paid), after bids jumped from $2.82/gal on perceived supply tightness. Prices on an free on board (FOB) US Gulf (USG) basis were talked at $2.88-2.91/gal for July.

ETHYLENE: US ethylene for July was offered at 22.75 cents/lb on Tuesday, but no deals were heard. Ethylene for July traded at 21.50 and 22.00 cents/lb on Monday.

PROPYLENE: US refinery-grade propylene (RGP) prices were notionally steady at 36.00-37.00 cents/lb on Tuesday. RGP for July last traded on 2 July at 36.00 cents/lb.

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

By: Staff Reporter
+44 20 8652 3214

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