19 August 2013 23:06 [Source: ICIS news]
HOUSTON (ICIS)--Here is Monday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Sep WTI: $107.10/bbl, down 36 cents; Oct Brent: $109.90/bbl, down 50 cents
NYMEX WTI crude futures experienced light profit taking, finishing down for the first time in seven sessions ahead of the front-month contract going off the board on Tuesday, despite underlying support from the geopolitical issues in the Middle East.
RBOB: Sep: $2.9333/gal, lower by 3.42 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures for the September prompt contract settled lower on Monday. Unemployment rates rising in more than half of US states, as well as weaker crude oil futures, put downward pressure on gasoline.
NATURAL GAS: Sep: $3.463/MMBtu, up 9.5 cents
NYMEX natural gas futures began the trading week climbing, boosted by expectations of rising near-term demand from the power sector, as weather forecasts for the end of August predict warmer-than-average temperatures across high consumption regions such as the northeast and Midwest.
ETHANE: higher at 24.75 cents/gal
Ethane spot prices were higher as natural gas futures continue to rally.
AROMATICS: toluene flat at $3.80-3.90/gal, mixed xylene flat at $4.08-4.15/gal
August toluene and mixed xylene (MX) price discussions were thin during the day, according to trade participants. As a result, spot prices were flat from the previous session.
OLEFINS: ethylene offered higher at 58.5 cents/lb, PGP higher at 66-69 cents/lb
US August ethylene offer levels moved up to 58.5 cents/lb from 56.0 cents/lb the previous week against no fresh bids. Bid/offer levels for August polymer-grade propylene (PGP) moved up to 66-69 cents/lb from 63-68 cents/lb seen to close the previous week.
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