21 October 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Monday’s end of day ?xml:namespace>
CRUDE: Nov WTI: $99.22/bbl, down $1.59; Dec Brent: $109.64/bbl, down 30 cents
NYMEX WTI crude futures fell in response to supply statistics from the Energy Information Administration (EIA) for the week ended 11 October showing a much greater-than-forecast build in crude inventories. This data should have been released on 16 October but was delayed by the government shutdown. The delayed statistics also revealed a crude build at the NYMEX delivery hub at Cushing, Oklahoma.
RBOB: Nov $2.6538/gal, down 1.94 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower despite the delayed EIA report, which showed a build in consumption and a decline in inventories.
NATURAL GAS: Nov $3.668/MMBtu, down 9.6 cents
NYMEX natural gas futures closed the first day of the new trading week, down nearly 3%, shedding cents on bearish sentiment related to warmer than previously predicted temperature forecasts for early November and concerns over increasingly robust storage levels.
ETHANE: lower at 25 cents/gal
Ethane spot prices were lower on the drop in natural gas futures and the overall energy complex.
AROMATICS: styrene down at 70-71 cents/lb
Prompt US styrene spot prices were discussed at 70-71 cents/lb FOB (free on board) on Monday, sources said. The range was down from 71-72 cents/lb FOB on Friday, as the styrene market followed feedstock benzene prices lower.
OLEFINS: ethylene lower at 45.0-48.5 cents/lb, RGP done higher at 56.25 cents/lb
US October ethylene bid/offer levels fell to 45.0-48.5 cents/lb on Monday from 46.0-50.0 cents/lb at the close of the previous week. US refinery-grade propylene (RGP) traded at 56.25 cents/lb, up from the previous reported trade at 56.00 cents/lb more than a week ago.
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