NOON SNAPSHOT - Americas Markets Summary

02 November 2009 18:00  [Source: ICIS news]

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

CRUDE: Dec WTI: $78.35/bbl, up $1.35; Dec Brent: $76.76/bbl, up $1.56
Crude prices gave back a good portion of Friday’s losses, receiving a boost from a stock market rally and a falling US dollar in response to strong manufacturing data from China and the US. WTI topped out at $78.53/bbl before retreating.

NATURAL GAS: $4.894/MMBtu, down 15.1 cents
Natural gas futures sunk below the $5 mark amid record-high storage levels and a weak demand outlook.

RBOB: $1.9922/gal, up 3.27 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) values moved into positive territory in the first day of December trading due to crude gains, following negative movement earlier in the session.

BENZENE: November spot benzene was talked lower at $2.71-2.81/gal FOB (free on board) US Gulf in what sellers said was an extremely quiet market.

ETHYLENE: US ethylene for November was notionally lower in a range of 29-31 cents/lb on Monday.

PROPYLENE: Spot refinery-grade propylene (RGP) was unchanged with no fresh bids or offers heard in the market. Alkylation values were estimated to have fallen to around 38 cents/lb at the end of last week.

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

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 4 November 2009)

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