NOON SNAPSHOT - Americas Markets Summary

28 June 2013 18:00  [Source: ICIS news]

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

CRUDE: Aug WTI: $97.13/bbl, up 8 cents; Aug Brent: $102.66/bbl, down 16 cents
NYMEX WTI crude futures were modestly higher on pre-weekend buying, despite a slide in the stock market and the dollar shifting higher against the euro. Released data showing a rise in consumer sentiment provided underlying support.

RBOB: Jul: $2.7484/gal, up 0.58 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures were up less than a penny as traders prepared for the prompt month contract rolling over to August.

NATURAL GAS: Aug: $3.537/MMBtu, down 4.5 cents
The August contract slipped further through Friday morning trading on continued concerns over rising inventories after the above-average injection into US stocks over the week ended 21 June as reported by the Energy Information Administration (EIA) on Thursday.

ETHANE: 23.50 cents/gal
Ethane spot prices were weaker, tracking lower natural gas futures and abundant supplies.

AROMATICS: benzene up at $4.05-4.15/gal
Prompt benzene spot prices were slightly higher early in the day, sources said. The morning range was up from $4.01-4.10/gal FOB (free on board) the previous afternoon.

OLEFINS: ethylene bid lower at 53.0-54.5 cents/lb; July PGP bid lower at 57.5 cents/lb
US June ethylene bids fell to 53.0-54.5 cents/lb compared with 55.0-56.5 cents/lb seen on Wednesday as supply continues to lengthen. US July polymer-grade propylene (PGP) was bid lower at 57.5 cents/lb compared with 59.5 cents/lb on Wednesday.

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By: Staff Reporter
+44 20 8652 3214

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