EVENING SNAPSHOT - Americas Markets Summary

06 November 2009 23:15  [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: $77.43/bbl, down $2.19; Dec Brent: $75.87/bbl, down $2.12
Crude prices worked higher, towards $77.65/bbl, in after-market electronic trading after plunging during the normal floor session. A gloomy unemployment report pressured the energy complex and drove speculators to take cash out of the market ahead of the weekend.

NATURAL GAS: $4.595/MMBtu, down 18.7 cents
Mild weather forecasts, capacity-testing inventories and poor employment data suppressed any chances for natural gas futures to rise on news of a possible tropical storm.

RBOB: $1.9243/gal, down 6.34 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) prices for December delivered material sank with an across-the-board softening in energy and equities prices.

BENZENE: US benzene spot prices were at $2.80-2.85/gal FOB (free on board) for November and December, with offers for the 2010 first quarter heard at $2.90/gal FOB.

ETHYLENE: November ethylene was heard traded at 33 cents/lb, on the high end of transactions done earlier in the week.

PROPYLENE: Spot refinery-grade propylene (RGP) for November was bid at 43.50 cents/lb on Friday with no offers.

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

By: Staff Reporter
+44 20 8652 3214

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