02 May 2013 18:13 [Source: ICIS news]
HOUSTON (ICIS)--Here is Thursday’s midday ?xml:namespace>
CRUDE: Jun WTI: $92.61/bbl, up $1.58; June Brent: $101.68/bbl, up $1.73
NYMEX WTI crude futures surged in morning trading as
RBOB: Jun: $2.7293/gal, up 1.00 cent/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices began to rebound from Wednesday’s fall of more than 8 cents/gal. US jobless benefits claims dropped last week to their lowest level in five years, lending some support to RBOB futures.
NATURAL GAS June: $4.082/MMBtu, down 24.4 cents
The front month on the NYMEX natural gas market dropped nearly 6% through Thursday morning trading, as the US Energy Information Administration (EIA) reported a higher-than-expected inventory addition for the week ended 26 April in its latest weekly gas storage report.
AROMATICS: Benzene wider at $4.25-4.42/gal
Prompt benzene spot prices were discussed at $4.25-4.42/gal FOB (free on board) early in the day. The morning range was wider from $4.25-4.35/gal FOB late Wednesday.
OLEFINS: ethylene wider at 50-56 cents/lb; RGP bid steady at 47.5 cents/lb
May ethylene bid/offer levels widened to 50-56 cents/lb on Thursday, compared to a trade the previous day at 54 cents/lb. May refinery-grade propylene (RPG) bid levels were steady at 47.5 cents/lb.
For more pricing intelligence please visit www.icispricing.com.
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