EVENING SNAPSHOT - Americas Markets Summary

15 July 2009 22:50  [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: $61.54/bbl, up $2.02/bbl; Aug Brent: $63.09/bbl, up $2.23/bbl
During after-market electronic trading, crude prices attempted to extend the gains posted during the normal floor session. Having factored in the US EIA stats, the market continued to receive support from a surge in the stock market. WTI established a high at $62.00/bbl before consolidating on either side of $61.70/bbl.

NATURAL GAS: $3.283/MMBtu, down 14.6 cents
Natural gas futures rates declined on a weak outlook for industrial demand combined with ample supply levels.

RBOB: $1.7081/gal, up 6.15 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices rose on higher crude and a production unit outage at a US Gulf-based refinery.

BENZENE: Spot benzene in the US Gulf was talked in a range of $2.92-3.00/gal today on the back of higher energy values.

ETHYLENE: US spot ethylene was offered at 21.25 cents/lb on Wednesday. Ethylene last traded on Tuesday at 19.75 and 19.875 cents/lb.

PROPYLENE: US refinery-grade propylene (RGP) was offered at 36.50 cents/lb on Wednesday. RGP for July last traded at 35.50 and 36.00 cents/lb on Monday.

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

By: Staff Reporter
+44 20 8652 3214

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