NOON SNAPSHOT - Americas Markets Summary

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

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

CRUDE: Dec WTI: $77.13/bbl, down $2.49; Dec Brent: $75.61/bbl, down $2.38
Crude prices plunged in response to the Labor Department’s report showing unemployment rising more than expected, to 10.2%, a 26-year high. West Texas Intermediate (WTI) sold down to $76.91/bbl before rebounding.

NATURAL GAS: $4.598/MMBtu, down 18.4 cents
Natural gas futures nosedived in early trading, erasing Thursday's gains as an abundance of inventory and mild weather forecasts suppressed upward momentum.

RBOB: $1.9236/gal, down 6.41 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) prices continued losses from the previous day's session as bearish unemployment figures rattled the entire energy complex.

BENZENE: US bids/offers were seen in a narrower range of $2.80-2.85/gal for November and December. First-quarter 2010 offers were higher at $2.90/gal FOB (free on board) US Gulf.

ETHYLENE: US spot ethylene bids and offers moved higher following a deal heard early in day at 33 cents/lb.

PROPYLENE: US spot refinery-grade propylene (RGP) prices were flat amid tight supply.

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

By: Staff Reporter
+44 20 8652 3214

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