EVENING SNAPSHOT - Americas Markets Summary

20 June 2013 23:00  [Source: ICIS news]

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

CRUDE: Jul WTI: $95.40/bbl, down $2.84; Aug Brent: $102.15/bbl, down $3.97
NYMEX light sweet crude finished down sharply, tracking a selloff in global stock markets and a stronger dollar. August WTI settled at $95.14, down $3.34.

RBOB: Jul $2.7872/gal, down by 10.52 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures for the July prompt-month contract on the NYMEX plummeted, following crude oil futures down.

NATURAL GAS: Jul $3.877/MMBtu, down 8.6 cents
The July contract on the NYMEX natural gas market closed down for the first time in four sessions, following the release of the Energy Information Administration’s (EIA) weekly gas storage report, which showed an above average injection of 91bn cubic feet into US gas stores over the week ended 14 June.

ETHANE: lower at 24.00 cents/gal
Ethane spot prices fell on weakness in the energy markets.

AROMATICS: styrene flat at 72.50-73.00 cents/lb
US styrene discussions were thin during the day. There were no fresh trades heard, leaving spot prices flat from the previous week. Supply is said to be sold out through the first half of July.

OLEFINS: ethylene offered higher at 63.00-63.25 cents/lb, RGP wider at 57-58 cents/lb
US June ethylene was offered higher at 63.00-63.25 cents/lb compared with 61.00-62.00 cents/lb as supply remains tight. US refinery-grade propylene (RGP) was heard wider at 57.0-58.0 cents/lb compared with 57.5 cents/lb earlier in the week.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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