27 September 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Nov WTI: $102.87/bbl, down 16 cents; Nov Brent: $108.63/bbl, down 58 cents
NYMEX WTI crude futures posted light losses in choppy action and thin volume as the market continued to focus on easing geopolitical tensions. The debt and budget battle in Washington, which could shutdown the US government, also discouraged market participation.
RBOB: Oct $2.6762/gal, down 2.88 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower in a mixed trading day. Week on week, RBOB futures are down by 0.80 cents/gal.
NATURAL GAS: Nov: $3.589/MMBtu, up 2.2 cents/MMBtu
Natural gas settled higher despite temperature forecasts indicating weaker near-term demand for the product.
ETHANE: steady at 23.88 cents/gal
Ethane spot prices were steady as buying interest has been weak for several days. Demand from petrochemical plants has also been weak, with Flint Hills Resources and Chevron Phillips Chemical reporting cracker outages.
AROMATICS: styrene down at 76-77 cents/lb
Prompt styrene spot prices were discussed at 76-77 cents/lb FOB (free on board) on Friday, sources said. The range was down slightly from 76.75-77.25 cents/lb FOB a week earlier.
OLEFINS: ethylene done lower at 51 cents/lb, RGP bid higher at 57.25 cents/lb
US September ethylene traded at 51.00 cents/lb, its lowest since two deals done in early December 2012 at 50.75 cents/lb. US September refinery-grade propylene (RGP) bid levels rose to 57.25 cents/lb from 56.25 cents/lb the previous day.
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