EVENING SNAPSHOT - Americas Markets Summary

03 November 2009 23:21  [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: $79.60/bbl, up $1.47; Dec Brent: $78.11/bbl, up $1.56
Crude prices retreated a few cents, towards $79.40/bbl, in after-market electronic trading following the late surge on the NYMEX floor which failed to respond inversely to a strong dollar and weak equities. There was limited price response to the API stats, which showed a contrary-to-forecast substantial drawdown in crude stocks and contrary-to-expectations build in distillate inventories. Gasoline stocks declined, but in line with expectations.

NATURAL GAS: $4.922/MMBtu, up 9.8 cents
Natural gas futures prices rebounded from steep losses on Monday, following higher values across the energy complex..

RBOB: $2.0004/gal, up 1.01 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices crawled higher on the back of stronger crude futures.

BENZENE: November benzene was steady in the US Gulf at $2.71-2.81/gal FOB (free on board) amid a lack of confirmed business.

ETHYLENE: US Gulf ethylene spot values held steady at 31.5-33.5 cents/lb amid firm ethane feedstock prices.

PROPYLENE: US refinery-grade propylene (RGP) buyers could find no offers, leaving prices unchanged at 43.5-44.5 cents/lb.

For more pricing intelligence please visitwww.icispricing.com.

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 3 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly