19 July 2010 18:00 [Source: ICIS news]
HOUSTON (ICIS news)--Here is Monday’s mid-day ?xml:namespace>
CRUDE: Aug WTI: $76.20/bbl, up 19 cents; Sep Brent: $75.50/bbl, up 13 cents
NYMEX crude futures (WTI) eased off intra-day highs after a strong open in Wall Street faltered in response to weak housing data but the euro remained firm versus the dollar. WTI (West Texas Intermediate) topped out at $77.69/bbl before retreating.
NATURAL GAS: $4.493/MMBtu, down 2.6 cents
The August natural gas contract started higher out of the gate with a wave of high temperatures predicted in near-term weather forecasts. As recent trends in the market have shown, any sustained spikes in values were thwarted by high inventory levels, putting prices at a loss by midday.
RBOB: $2.0595/gal, up 1.09 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) prices traded higher after trading flat to Friday’s prices early on. The boost in price could be due to reports that
BENZENE: down at $2.61-2.64/gal
US Gulf spot benzene barges were priced in a range of $2.61-2.64/gal July DDP (delivered, duty paid), down a penny from Friday's end-of-day spread. Weakness in the European market, sliding equities and near neutral moves in crude oil trading contributed to the slight decrease in pricing ideas.
ETHYLENE: up at 31.00-33.50 cents/lb
PROPYLENE: steady at 42.00-46.00 cents/lb
For more pricing intelligence please visit http://www.icispricing
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