25 January 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Mar WTI: $95.88/bbl, down 7 cents; Mar Brent: $113.28/bbl, unchanged
NYMEX WTI crude futures closed out the week relatively flat after a stock market rally on the back of upbeat manufacturing news from China and the US, as well as rising investor confidence fading.
RBOB: Feb: $2.8754/gal, up 1.25 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures continued to increase as the US Energy Information Administration (EIA) report showed a gain in consumption and a drop in inventories. For the week, RBOB futures have gained 7.86 cents/gal.
NATURAL GAS: Feb: $3.444/MMBtu, down 0.2 cents
NYMEX natural gas futures settled for the week almost flat from Friday’s start of trade, after an afternoon rally undid losses registered in the morning session. Market activity remains volatile through lower than normal volumes as fluctuating weather forecasts keep demand predictions uncertain.
ETHANE: stable at 26.00 cents/gal
Ethane spot prices were stable as other energy commodities settled essentially flat from the previous day.
AROMATICS: toluene tighter at $4.15-4.25/gal, mixed xylene up at $4.45-4.70/gal
Prompt n-grade toluene spot prices moved to $4.15-4.25/gal FOB during the day, sources said. The range was tighter compared with $4.10-4.30/gal FOB the previous day. Meanwhile, prompt mixed xylene (MX) bid/offers were at $4.45-4.70/gal FOB on Friday. The range grew further apart following a deal at $4.55/gal FOB late on Thursday.
OLEFINS: Feb ethylene bid flat at 67 cents/lb, PGP up at 76 cents/lb
US ethylene for February was bid on the low end of January deals done at 66.75-68.25 cents/lb on Thursday against an offer at 68.00 cents/lb. Polymer-grade propylene (PGP) traded up from 75.25 cents/lb the previous day.
For more pricing intelligence please visit www.icispricing.com
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