25 February 2011 22:40 [Source: ICIS news]
HOUSTON (ICIS)--Here is Friday’s end of day ?xml:namespace>
CRUDE: Apr WTI: $97.88/bbl, up 60 cents; Apr Brent: $112.14/bbl, up 78 cents
NYMEX WTI crude futures closed out the week at their highest level since October 2008, but remained well off the week’s high of $103.41. Reports that
RBOB: Mar: $2.7395/gal, up 2.28 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) prices moved higher on civilian uproar in Libya and Middle East turmoil inching further toward Saudi Arabia.
NATURAL GAS: Apr: $4.005/MMBtu, up 13.3 cents
The April contract took over position as the front month and shot above $4.00/MMBtu for the first time in a week and a half. Weather forecasts and production rates were steady, but Thursday’s lows signalled buying and technical support moved the market.
ETHANE: up at 71-74 cents/gal
Mont Belvieu ethane prices soared on market short-covering before the month’s end.
AROMATICS: benzene down at $4.25-4.35/gal
OLEFINS: ethylene flat at 52.25 cents/lb; RGP bid at 60.00 cents/lb
For more pricing intelligence please visit www.icispricing.com.
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