30 August 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Oct WTI: $107.65/bbl, down $1.15; Oct Brent: $114.01/bbl, down $1.15
NYMEX WTI crude futures fell in response to uncertainties regarding Syria and planned US limited response to the chemical attack against civilians. Ahead of a long holiday weekend in the US, markets were cautious with the dollar strengthening against a basket of currencies and the stock market sliding with investors attempting to guess when the Federal Reserve will start tapering monetary expansion.
RBOB: Sep $3.0186/gal, down 4.78 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower on a slip in crude futures. The September prompt contract expires at the end of Friday’s session, which added to the drop in prices as traders focus on the October contract.
NATURAL GAS: Oct: $3.581/MMBtu, down 3.7 cents
The October contract closed down for the first time in five sessions, losing value on concerns over slowing long-term demand as temperatures cool and continuing high production levels.
ETHANE: higher at 26.38-26.50 cents/gal
Ethane spot prices rose, decoupling from weaker natural gas futures as more buyers entered the market on Friday.
AROMATICS: toluene flat at $4.00-4.15/gal, mixed xylenes wider at $4.25-4.40/gal
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OLEFINS: ethylene lower at 53.25-56.00 cents/lb, PGP done higher at 67.50 cents/lb
US August ethylene bid/offer levels fell to 53.25-56.00 cents/lb from 55.00-60.00 cents/lb on the last day of August trading. US polymer-grade propylene (PGP) traded at 67.50 cents/lb, slightly higher than the previous reported trade at 67.25 cents/lb.
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