EVENING SNAPSHOT - Americas Markets Summary

26 November 2012 23:04  [Source: ICIS news]

HOUSTON (ICIS)--Here is Monday’s end of day Americas oil and chemical market summary from ICIS.

CRUDE: Jan WTI: $87.74/bbl, down 54 cents; Jan Brent: $110.92/bbl, down 46 cents
NYMEX WTI crude futures finished down, tracking a negative stock market and the euro shifting lower against the dollar. Discussions about the Greek debt and the fiscal cliff in the US pressured commodities.

RBOB: Dec: $2.7263, down 1.76 cents/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices traded lower throughout the day and settled down as they tracked the weakness in the crude oil market.

NATURAL GAS: Dec: $3.730/MMBtu, down 17.1 cents
Natural gas futures took a 4% dive by the end of closing on Monday, after warm weather forecasts eroded demand expectations and chased off support for the Henry Hub benchmark. Intraday trading reached a floor at $3.704/MMBtu before settling at its closing price.

ETHANE: lower at 28.25 cents/gal
Ethane spot prices fell to their lowest level since June, as a supply overhang continues to influence the market.

AROMATICS: toluene flat at $4.20-4.30/gal, MX flat at $4.15-4.25/gal
There were no fresh trades in the US toluene and mixed xylene (MX) market during the day. Discussions were also limited. As a result, toluene and MX spot prices were unchanged from the previous session.

OLEFINS: ethylene flat at 50.625-50.750 cents/lb, RGP bid flat at 48 cents/lb
US ethylene for December traded mostly flat with previous deals done last week. Refinery-grade propylene (RGP) for December remained bid flat with no offers.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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