EVENING SNAPSHOT - Americas Markets Summary

13 November 2013 23:00  [Source: ICIS news]

HOUSTON (ICIS)--Here is Wednesday's end of day Americas oil and chemical market summary from ICIS.

CRUDE: Dec WTI: $93.88/bbl, up 84 cents; Dec Brent: $107.12/bbl, up $1.31
NYMEX WTI crude futures rose as concerns about Libyan supply outages outweighed estimates from the US Energy Information Administration (EIA) for a build in US stockpiles. Uncertainty about the US Federal Reserve’s actions on the stimulus also pushed prices higher.

RBOB: Dec: $2.6280/gal, up 4.16 cents/gal
US reformulated blendstock for oxygen blending (RBOB) gasoline futures recovered from declines the previous day, tracking stronger crude oil futures. Expectations of a draw in gasoline supplies in Thursday’s EIA report also provided support.

NATURAL GAS: Dec: $3.566/MMBtu, down 5.1 cents
The December  front month on the NYMEX natural gas futures market fell for the first time in seven sessions. The front month contract lost value despite a strong near-term demand outlook on concerns surrounding robust inventory levels ahead of Thursday’s weekly gas storage report from the EIA.

ETHANE: steady at 24.75 cents/gal
Ethane spot prices were steady as demand from petrochemical plants remains stable. There have been no major outages or start-ups reported.

AROMATICS: mixed xylenes tighter at $3.85-3.88/gal
US November mixed xylenes traded at $3.85/gal and $3.88/gal, tighter than the previous day’s bid/offer range of $3.83-3.90/gal.

OLEFINS: ethylene done higher at 54.5 cents/lb, RGP steady at 54.75 cents/lb
US November ethylene traded higher on Wednesday, reaching a peak of 54.50 cents/lb, up from the previous reported trade done at 52.25 cents/lb on 11 November. US November refinery-grade propylene (RGP) was steady at 54.75 cents/lb, based on the most recent reported trade.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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