19 April 2013 22:45 [Source: ICIS news]
HOUSTON (ICIS)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: May WTI: $88.01/bbl, up 28 cents; Jun Brent: $99.65/bbl, up 52 cents
NYMEX WTI crude futures extended recent gains on pre-weekend correction to oversold conditions. WTI topped out at $88.79/bbl while tracking a rally in the stock market, but most of the gains were given back. The May contract goes off the board on Monday.
RBOB: May: $2.7724/gal, up 1.69 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled higher ahead of the weekend with influence from higher crude futures. The increase in Midwest gasoline buying has also contributed to the higher RBOB futures trading.
NATURAL GAS: May: $4.408/MMBtu, up by $0.007/MMBtu
Natural gas futures settled basically stable from the previous day, rising slightly to settle up for the fifth straight session.
ETHANE: stable at 29.00 cents/gal
Ethane spot prices were stable on Friday, following natural gas and other energy commodities.
AROMATICS: mixed xylene up at $3.85-3.95
Prompt mixed xylene (MX) spot prices were discussed within a higher range to end the week, trade sources said during the day. The Friday range was up from $3.80-3.85/gal FOB (free on board) the previous session.
OLEFINS: ethylene done lower at 59.25 cents/lb, PGP wider at 55-59 cents/lb
April ethylene was done lower at 59.250 cents/lb on Friday, compared with the previous deal of 59.875 cents/lb on Wednesday. US polymer-grade propylene (PGP) bid/offer levels widened to 55.0-59.0 cents/lb, compared with a deal done the previous day at 56.5 cents/lb.
For more pricing intelligence please visit www.icispricing.com
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