EVENING SNAPSHOT - Americas Markets Summary

07 December 2012 23:05  [Source: ICIS news]

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

CRUDE: Jan WTI: $85.93/bbl, down 33 cents; Jan Brent: $107.02/bbl, down 1 cent
NYMEX WTI crude futures finished down for the fourth consecutive session but traded within a narrow range. WTI found support in an upbeat US employment report, but the excitement was countered by a stronger dollar, as well as by a drop in consumer sentiment caused in part by the political fiscal cliff drama. 

RBOB: Jan: $2.5974, up 0.05 cent/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices were mostly steady after a positive report from the US Department of Labor showed the country added 146,000 jobs in November kept gasoline futures from falling further. For the week, gasoline futures lost 12.91 cents/gal.  

NATURAL GAS: Jan: $3.551 /MMBtu, down 11.5 cents
The front month on the NYMEX natural gas market settled for the week down more than 3% from start of trade Friday, slumping through the early afternoon on the back of near-term weather forecasts indicating above-to-well-above average temperatures across the east coast and midwest regions.

ETHANE: higher at 23.25 cents/gal
Ethane spot prices rebounded from all-time lows earlier in the week.

AROMATICS: toluene flat at $4.40-4.50/gal, mixed xylene flat at $4.65-4.75/gal
US n-grade toluene and mixed xylene (MX) prices were unchanged to end the week. Discussions were thin with many trade participants out of the market.

OLEFINS: ethylene up at 52.50 cents/lb, Jan RGP bid up at 49.75 cents/lb
US ethylene for December traded up from deals on Thursday. Refinery-grade propylene (RGP) for January was bid up from a December bid in the previous day. No offers were heard. RGP for December traded at 49 cents/lb earlier this week.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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