NOON SNAPSHOT - Americas Markets Summary

19 November 2013 18:00  [Source: ICIS news]

HOUSTON (ICIS)--Here is Tuesday's midday Americas oil and chemical market summary from ICIS.

CRUDE: Dec WTI: $93.10/bbl, up 7 cents; Jan Brent: $108.15/bbl,down 32 cents
NYMEX WTI crude futures were mixed in search of near-term direction and ahead of the December contract going off the board on Wednesday. A slight rally in gasoline (RBOB) futures also provided underlying support.

RBOB: Dec: $2.6610/gal, up 0.42 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures were slightly stronger in early trading, as export demand from Europe provided support.

NATURAL GAS: Dec: $3.592/MMBtu, down 2.5 cents
The December front month slipped for the second consecutive session, losing value on profit-taking activity in the expectation of significant demand surges later in the week as temperatures drop to below average across much of the eastern half of the US.

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

AROMATICS: benzene flat at $4.19-4.31/gal
Activity was thin in the US benzene market early in the day, sources said. As a result, spot prices were stable from the previous afternoon.

OLEFINS: ethylene offered higher at 57.5 cents/lb, PGP offered lower at 65 cents/lb
US November ethylene offer levels moved up to 57.5 cents/lb from 56.5 cents/lb at the close of the previous day against no fresh bids. US November polymer-grade propylene (PGP) offer levels fell to 65 cents/lb from 66 cents/lb the previous day, also against no fresh bids.

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By: Staff Reporter
+44 20 8652 3214

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