05 December 2012 23:23 [Source: ICIS news]
HOUSTON (ICIS)--Here is Wednesday’s end of day ?xml:namespace>
CRUDE: Jan WTI: $87.88/bbl, down 62 cents; Jan Brent: $108.81/bbl, down $1.03
NYMEX WTI crude futures finished down in response to the weekly supply statistics from the Energy Information Administration (EIA), showing a much greater than forecast build in gasoline and distillate inventories, overshadowing a much greater than expected drawdown in crude stocks. A healthy bounce in the stock market into positive territory, the euro shifting lower against the dollar and no signs of compromise in the political fiscal cliff drama also had an impact in the movement of oil prices.
RBOB: Jan: $2.6378, down 5.12 cents/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices settled lower after the US Energy Information Administration (EIA) report showed a larger-than-expected build up of gasoline inventories last week.
NATURAL GAS: Jan: 3.700/MMBtu, up 16.1 cents
Natural gas futures on the NYMEX settled the day up 4.5%, rallying on the back of colder temperature predictions and continued nuclear power outages.
ETHANE: lower at 23.5 cents/gal
Ethane spot prices continued to set all-time lows, as supplies were at historic highs.
AROMATICS: toluene tighter at $4.40-4.60/gal, mixed xylene tighter at $4.55-4.75/gal
OLEFINS: ethylene bid lower at 50.625 cents/lb, RGP bid up at 48.75 cents/lb
For more pricing intelligence please visit www.icispricing.com
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