EVENING SNAPSHOT - Americas Markets Summary

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

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

CRUDE: Dec WTI: $93.84/bbl, up 8 cents; Jan Brent: $108.50/bbl, up 22 cents
NYMEX WTI crude futures rose on news that the US Federal Reserve is not expected to cut its monetary stimulus anytime soon. Gains were muted on news of a possible nuclear agreement with Iran, which would reduce sanctions against that country.

RBOB: Dec: $2.6577/gal, down 2.60 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower on sentiment that Thursday’s rally had been overdone. However, RBOB futures are 10.43 cents/gal higher than the close one week ago when futures settled at $2.5534/gal.

NATURAL GAS: Dec: $3.660/MMBtu, up 5.5 cents
The December front month ended Friday at a three-week high, boosted by bullish sentiment related to recent high heating demand and a slowing rate of injection into US natural gas storage centres. 

ETHANE: steady at 25.00 cents/gal
Ethane spot prices were steady, as demand from ethylene plants remains steady.

AROMATICS: mixed xylene flat at $3.85-3.95/gal, toluene flat at $3.70-3.80/gal
Prompt mixed xylene (MX) and toluene spot prices were flat on Friday. Market discussions were thin, with no fresh deals heard.

OLEFINS: ethylene done higher at 56.5 cents/lb, RGP higher at 55.25-55.50 cents/lb
US ethylene for November traded higher at 56.5 cents/lb, up from the previous reported trade at 56.0 cents/lb done the previous day. US refinery-grade propylene (RGP) bid/offer levels were assessed at 55.25-55.50 cents/lb, up from the previous reported trade done at 54.75 cents/lb earlier in the week.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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