19 July 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Friday’s end of day ?xml:namespace>
CRUDE: Aug WTI: $108.05/bbl, up 1 cent; Sep Brent: $108.07/bbl, down 63 cents
NYMEX WTI crude futures finished near unchanged in choppy action ahead of the weekend. WTI hit an intra-day high of $109.32/bbl before retreating on profit taking and correction to overbought conditions. The August contract goes off the board on Monday. During the session, the September Brent-WTI spread reversed briefly for the first time since October 2010 for WTI to trade at a slight premium to Brent.
RBOB: Aug $3.1234/gal, up 1.36 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled higher, reaching a new contract high in the process on increased buying ahead of the weekend and on the gains in WTI crude oil futures.
NATURAL GAS: Aug: $3.789/MMBt; down 2.3 cents
The August contract on the NYMEX natural gas futures closed the week down from the 19-session high posted Thursday, as cooling weather forecasts for the
ETHANE: higher at 25.50-25.75 cents/gal
Bid and offer levels for ethane spot prices were slightly higher as the market tracked strength in the energy complex.
AROMATICS: styrene up at 75.75-76.25 cents/lb
July styrene spot levels were discussed on either side of 76 cents/lb on Friday, sources said. The range was up slightly from 75-76 cents/lb a week earlier. Trade sources have said July styrene is mostly sold out for the month on recent and ongoing turnarounds.
OLEFINS: ethylene steady at 54.50-54.75 cents/lb; PGP bid lower at 61 cents/lb
US July ethylene prices were steady at 54.50-54.75 cents/lb, based on the two most recent reported transactions.
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