EVENING SNAPSHOT - Americas Markets Summary

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

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

CRUDE: Aug WTI: $96.56/bbl, down 49 cents; Aug Brent: $102.16/bbl, down 66 cents
NYMEX WTI crude futures finished down on pre-weekend selling and on correction to four consecutive positive settlements. Prices responded to a slide in the stock market and the dollar shifting higher against the euro. 

RBOB: Jul: $2.7520/gal, up 0.94 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures rose by 0.94 cents/gal to settle at $2.7525/gal on the last day of the July prompt month contract.

NATURAL GAS: Aug: $3.565/MMBtu, down 1.7 cents
The August contract posted a second consecutive loss as the market continues to react to building inventories, slowing demand and recent stock market jitters.

ETHANE: higher at 23.75 cents/gal
Ethane spot prices were slightly higher, even as natural gas futures declined.

AROMATICS: toluene up at $3.50-3.65/gal
Prompt n-grade toluene spot prices rebounded slightly on Friday, sources said. The range was up from $3.45-3.60/gal FOB (free on board) the previous session.

OLEFINS: ethylene offered lower at 58 cents/lb; June PGP traded lower at 62 cents/lb
US June ethylene offers fell to 58 cents/lb on Friday from 60 cents/lb the previous day, tracking longer supply. US June polymer-grade propylene (PGP) was heard traded at 62.0 cents/lb compared with the previous reported deal at 62.5 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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