EVENING SNAPSHOT - Americas Markets Summary

19 February 2013 23:16  [Source: ICIS news]

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

CRUDE: Mar WTI: $96.66/bbl, up 80 cents; Apr Brent: $117.52/bbl, up 14 cents
NYMEX WTI crude futures rallied in response to gains in the stock market and the euro rising against the dollar. WTI also experienced some short covering ahead of Wednesday’s contract expiration.

RBOB: Mar: $3.1212/gal, down 1.33 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled lower after reaching a contract high on Friday. Prices fell as some of Friday’s gains were attributed to aggressive buying ahead of the US Presidents Day holiday on Monday.

NATURAL GAS: Mar: $3.272/MMBtu, up 11.9 cents
The front month contract on the NYMEX natural gas market closed the day up nearly 4% as weather forecasts indicating colder-than-expected temperatures across the south and central US through the next two weeks improved demand expectations.

ETHANE: higher at 25.88 cents/gal
Ethane spot prices were higher following strength in crude and other energy commodities.

AROMATICS: toluene flat at $4.41-4.43/gal, mixed xylene flat at $4.56-4.57/gal
Prompt toluene and mixed xylene (MX) markets were quiet during the day. There were no fresh trades heard. As a result, markets were unchanged from the previous session.

OLEFINS: Feb ethylene up at 62 cents/lb; PGP offer up at 66.50 cents/lb
Ethylene for February traded up from a deal done at 61.75 cents/lb on Thursday. February PGP was offered up from a deal done at 66 cents/lb on Friday against a 65 cent/lb bid.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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