EVENING SNAPSHOT - Americas Markets Summary

05 November 2009 22:52  [Source: ICIS news]

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

CRUDE: Dec WTI: $79.62/bbl, down 78 cents; Dec Brent: $77.99/bbl, down 90 cents
Crude prices moved either side of the NYMEX floor settlement during after-hours electronic trading, unable to track higher despite a strong rally in Wall Street and modest gains on the dollar. Adequate heating oil supplies ahead of winter and three previous sessions of strong gains set the market for a downside correction.

NATURAL GAS: $4.782/MMBtu, up 5.7 cents
Natural gas futures made up some ground from Wednesday’s losses, but upside movement was capped by mild weather forecasts and a government report reinforcing record-high inventory levels.

RBOB: $1.9877/gal, down 2.50 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) values weakened on worries about future gasoline demand and softer crude oil prices.

BENZENE: Benzene continued higher on firm energy values and tight supply in the US Gulf where spot barges were talked at $2.80-2.90/gal FOB (free on board) following deals at the midpoint of this range.

ETHYLENE: US spot ethylene prices were steady at 32.00-33.25 cents/lb.

PROPYLENE: US spot refinery-grade propylene (RGP) was unchanged at 43.50-44.50 cents/lb with no fresh bids or offers.

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

By: Staff Reporter
+44 20 8652 3214

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