EVENING SNAPSHOT - Americas Markets Summary
30 October 2009 21:33 [Source: ICIS news]
HOUSTON (ICIS news)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS pricing.
CRUDE: Dec WTI: $77.00/bbl, down $2.87; Dec Brent: $75.20/bbl, down $2.84
Crude prices bounced on either side of the settlement in after-market electronic trading after plunging during the normal floor session. A combination of a stronger dollar, weak stock market and contract expiration length liquidation on heating oil and gasoline drove the oil complex down to its lowest level in two weeks. WTI bottomed out at $76.85/bbl before rebounding slightly.
NATURAL GAS: $5.045/MMBtu, down 1.7 cents
Despite colder weather forecasts, natural gas futures prices dropped alongside weakening crude oil futures.
RBOB: $1.9432/gal, down 7.58 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices plunged as crude oil futures weakenend.
BENZENE: US spot benzene prices for November moved lower to $2.77-2.83/gal FOB (free on board) on Friday, even as November contracts settled at $2.85/gal on the same day.
ETHYLENE: November ethylene traded this week at 30.50-32.00 cents/lb, steady with 30.50-32.25 cents/lb a week earlier. Ethylene for October traded this week at 30.50 cents/lb, down from 32.00-32.25 cents/lb a week before.
PROPYLENE: Spot refinery-grade propylene (RGP) for November was bid at 43.25 cents/lb on Friday with no offers. Polymer-grade propylene (PGP) for November traded this week at 44.75-45.50 cents/lb.
For more pricing intelligence please visit www.icispricing.com.
By: Staff Reporter
+44 20 8652 3214
< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 18 January 2010)
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