EVENING SNAPSHOT - Americas Markets Summary

24 May 2013 23:00  [Source: ICIS news]

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

CRUDE: Jul WTI: $94.15/bbl, down 10 cents; Jul Brent: $102.64/bbl, up 20 cents
NYMEX WTI crude futures posted light losses after trading in thin volume and within a narrow range ahead of the long holiday weekend in the US and the UK. Having factored in the recent market moving news, WTI moved sideways.

RBOB: Jun $2.8390/gal, up 1.09 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled slightly higher on increased buying ahead of the Memorial Day holiday weekend.

NATURAL GAS: Jun $4.237/MMBtu, down 2.4 cents
The front month contract on the NYMEX natural gas futures market ended a five-session winning streak on Friday as the market reacted to robust inventory levels, high production and easing nuclear power outages.

ETHANE: higher at 28.50 cents/gal
Ethane spot prices were higher even as several crackers remain down.

AROMATICS: styrene flat at 72.75-73.25 cents/lb
US styrene prices were unchanged during the day. Activity was thin with no fresh trades.

OLEFINS: May ethylene done lower at 54.75 cents/lb, May PGP done lower at 59.75 cents/lb
US May ethylene spot prices fell on news of a deal done at 54.75 cents/lb, lower than the previous reported deal done on Wednesday at 56.00 cents/lb. May polymer-grade propylene (PGP) was done at 59.75 cents/lb, lower than previous deals at 60.50 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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