03 March 2011 23:09 [Source: ICIS news]
HOUSTON (ICIS)--Here is Thursday’s end of day ?xml:namespace>
CRUDE: Apr WTI: $101.91/bbl, down 32 cents; Apr Brent: $114.79/bbl, down $1.56
NYMEX WTI crude futures retreated from recent lofty highs on a downside correction to overbought conditions. The market was keeping an eye on various proposals to mediate in the Libyan crisis.
RBOB: Apr: $3.0262/gal, down 0.33 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) was choppy as initial hopes of a
NATURAL GAS: Apr: $3.778/MMBtu, down 4.0 cents
After a morning of erratic trading in response to the government’s announcement of a narrow storage draw last week, the afternoon brought a lull in activity as the NYMEX front month remained under $3.80/MMBtu and finished down for a third straight session.
ETHANE: down at 66.75-68.50 cents/gal
Mont Belvieu ethane continued to move lower after seeing a price spike at the end of February from short-covering. There has been lower demand for ethane from the chemical industry.
AROMATICS: benzene flat at $4.20-4.25/gal
Benzene activity was thin on Thursday afternoon. Spot prices were unchanged from the previous day.
OLEFINS: ethylene down at 52.00-53.50 cents/lb
US March ethylene was heard traded on the Equistar pipeline at 53.50-53.75 cents/lb, at the low end of a 53.5-55.0 cent/lb bid/offer range heard earlier in the day. Propylene contracts remained unsettled, with sellers concerned about rising refinery-grade propylene (RGP) prices, sources said.
For more pricing intelligence please visit www.icispricing.com.
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