16 May 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Thursday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Jun WTI: $95.16/bbl, up 86 cents; Jun Brent: $103.80/bbl, up 12 cents
NYMEX WTI crude futures finished up for the second consecutive session in response to downbeat economic data which pressured the dollar against the euro. A jump in claims for jobless benefits and factory activity slipping in the mid-Atlantic region capped a stock market rally. The June Brent contract expired at the end of the session.
RBOB: Jun $2.8822/gal, up 1.52 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled higher as it tracked the gains in crude futures. Gasoline supply issues stemming from delayed shipments in the Midwest market also contributed to the higher RBOB futures trading.
NATURAL GAS: Jun: $3.932/MMBtu, down 13.8 cents
The June contract on the NYMEX natural gas futures market closed Thursday trading down for the first time in four sessions, falling in the wake of the US Energy Information Administration's latest weekly gas storage update, which reported the largest weekly gas surplus of the year.
ETHANE: lower at 27.25 cents/gal
Ethane spot prices were lower as several cracker outages have stymied demand.
AROMATICS: toluene up at $4.05-4.10, mixed xylenes wider at $4.10-4.20/gal
Prompt n-grade toluene prices were slightly higher during the day, sources said. The afternoon range was up from $4.02-4.10/gal FOB (free on board) the previous session. Meanwhile, prompt mixed xylenes (MX) spot prices were discussed within a wider range as offers firmed slightly. The day’s MX range was further apart from $4.10-4.18/gal FOB the previous day.
OLEFINS: ethylene done lower at 58 cents/lb, PGP offered lower at 61 cents/lb
US May ethylene traded lower at 58.000 cents/lb, compared with a high deal the previous day at 62.375 cents/lb, as sources said Wednesday’s run-up in prices was overdone. US May polymer-grade propylene (PGP) offer levels fell to 61.00 cents/lb on Thursday afternoon from 61.25 cents/lb seen earlier in the day.
For more pricing intelligence please visit www.icispricing.com
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