10 April 2013 22:20 [Source: ICIS news]
HOUSTON (ICIS)--Here is Wednesday’s end of day ?xml:namespace>
CRUDE: May WTI: $94.64/bbl, up 44 cents; May Brent: $105.79/bbl, down 44 cents
NYMEX WTI crude futures finished up for the third consecutive session after reversing direction in response to a healthy rally in the stock market. A strong dollar and a build in crude and gasoline inventories revealed by the weekly US Energy Information Administration (EIA) supply statistics drove prices into negative territory early on, but the dip was short lived.
RBOB: May: $2.8651/gal, down 7.73 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices plummeted after Wednesday’s EIA report, which showed an unexpected increase of 1.7m bbl to 222.4m bbl in gasoline inventories for the week ended 5 April.
NATURAL GAS: May: $4.085/MMBtu, up 6.8 cents
The front month on the NYMEX natural gas market rallied through Wednesday trading, posting its first gain of the week on an improved near-term demand outlook. Heating demand could remain high over the next two weeks due to a lingering cold front across the central part the
ETHANE: higher at 29.00 cents/gal
Ethane spot prices were higher, following stronger natural gas futures.
AROMATICS: toluene wider at $3.75-4.10/gal, mixed xylene up at $3.95-4.10/gal
Prompt n-grade toluene bid/offers moved further apart during the day, sources said. The range was wider compared with $3.80-3.85/gal FOB (free on board) the previous session. Meanwhile, US mixed xylene (MX) spot prices firmed midweek on renewed buying interest, sources said. The range was up from $3.85-3.95/gal FOB the previous session.
OLEFINS: ethylene done higher at 55 cents/lb, RGP offered lower at 51 cents/lb
April ethylene spot prices rebounded back to 55.0 cents/lb on Wednesday on news of a deal done, up from the previous deal of 54.5 cents/lb.
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