EVENING SNAPSHOT - Americas Markets Summary

27 October 2009 22:20  [Source: ICIS news]

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

CRUDE: Dec WTI: $79.55/bbl, up 87 cents; Dec Brent: $77.92/bbl, up 66 cents
Crude prices eased towards $79.34/bbl in early after-market electronic trading following a late surge on the NYMEX floor ahead of the closing bell in spite of a stronger dollar. WTI (West Texas Intermediate) then spiked to $79.89/bbl after the weekly American Petroleum Institute inventories showed a contrary-to-forecast drawdown in crude stocks but eventually consolidated either side of $79.50/bbl.

NATURAL GAS: $4.557/MMBtu, up 4.4 cents
Despite mild weather forecasts, natural gas futures prices rose on rising energy values.

RBOB: $2.0705/gal, up 3.67 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices jumped on expectations of a decline in domestic gasoline stocks.

BENZENE: US spot benzene prices for November were steady at $2.85-2.95/gal FOB (free on board) in a quiet market.

ETHYLENE: US ethylene for October was assessed at 33.00-33.50 cents/lb on Tuesday. Ethylene for October traded on Friday at 33.25 cents/lb.

PROPYLENE: Spot refinery-grade propylene (RGP) was last heard bid at 42.00 cents/lb. RGP traded last week in a range of 39.00-41.50 cents/lb.

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

By: Staff Reporter
+44 20 8652 3214

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