02 February 2010 18:00 [Source: ICIS news]
HOUSTON (ICIS news)--Here is Tuesday’s mid-day ?xml:namespace>
CRUDE: Mar WTI: $76.87/bbl, up $2.44; Mar Brent: $75.65/bbl, up $2.54
Crude prices surged in response to strong oil demand expectations from China and optimism about the economic recovery. The dollar weakened and the stock market rose, adding support to the energy complex. WTI topped out at $76.97/bbl before retreating slightly.
NATURAL GAS: $5.486/MMBtu, up 5.2 cents
Natural gas futures strengthened with winter weather forecasts.
RBOB: $1.9811/gal, up 4.90 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices rose alongside higher crude oil values.
BENZENE: Spot benzene was quiet with February price ideas at $3.45-3.55/gal FOB (free on board) US Gulf early on Tuesday.
For more pricing intelligence please visit www.icispricing.com.
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