EVENING SNAPSHOT - Americas Markets Summary

15 February 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: $95.86/bbl, down $1.45; Apr Brent: $117.66/bbl, down 34 cents
NYMEX WTI crude futures finished down on pre-weekend length liquidation, mainly in response to a report showing an unexpected decline in US manufacturing and WTI’s failure to convincingly break and close above the psychological $98.00 barrier.

RBOB: Mar: $3.1345/gal, up 1.79 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices increased on heightened concerns that upcoming refinery maintenance could deplete the recent supply surplus.

NATURAL GAS: Mar: $3.153/MMBtu, down 1 cent
The front month on the NYMEX natural gas market ended the week with a 1-cent decline to settle at a fresh six-week low. Contracts further along the forward contract curve fell even more as forecasts for warmer-than-average weather over the coming weeks continued to depress the outlook for near-term demand.

ETHANE: stable at 25.00 cents/gal
Ethane spot prices were stable during Friday trading, even as crude and other energy commodities saw weakness.

AROMATICS: mixed xylenes tighter at $4.56-4.57/gal
Prompt mixed xylenes (MX) traded at $4.565/gal FOB (free on board) during the day. The deal was within the previous day’s wide range of $4.50-4.70/gal FOB.

OLEFINS: Feb ethylene flat at 61.75 cents/lb; PGP up at 66 cents/lb
Ethylene spot prices were mostly flat based on bid and offers for February, while February PGP traded up from deals done at 64-65 cents/lb on Thursday.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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