27 December 2012 22:50 [Source: ICIS news]
HOUSTON (ICIS)--Here is Thursday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Feb WTI: $90.87/bbl, down 11 cents; Feb Brent: $110.80/bbl, down 27 cents
NYMEX WTI posted light losses on sentiment that Wednesday’s rally had been overdone and worries that the US economy will suffer if political leaders do not reach a budget agreement before year-end.
RBOB: Jan: $2.8213, up 0.55 cents/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices were slightly stronger despite a drop in crude futures. Traders awaited fresh inventory data from the Energy Information Administration (EIA) to be released on Friday.
NATURAL GAS: Jan: $3.354/MMBtu down 3.8 cents
NYMEX natural gas futures edged down through a trading session, characterized by low activity and erasing many of the gains registered on Wednesday as fluctuating weather forecasts and concerns about subdued industrial demand over the holiday season increased market uncertainty.
ETHANE: lower at 24.25-24.50 cents/gal
Ethane spot prices fell as offers were chasing lower bids in a very quiet market. Lower crude futures also pushed spot ethane prices down.
For more pricing intelligence please visit www.icispricing.com
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