EVENING SNAPSHOT - Americas Markets Summary

02 July 2009 22:41  [Source: ICIS news]

HOUSTON (ICIS news)--Here is Thursday’s end of day Americas oil and chemical market summary from ICIS pricing.

CRUDE: Aug WTI: $66.73/bbl, down $2.58; Aug Brent: $66.65/bbl, down $2.14
Crude prices continued to slide during after-market electronic trading following an extremely weak NYMEX floor close. A sell-off in the stock market pressured the energy complex. August crude sold down to $66.26/bbl before consolidating either side of $66.40/bbl.

NATURAL GAS: $3.615/MMBtu, down 18 cents
Natural gas futures prices plunged on weaker values across the energy complex combined with a build in domestic natural gas inventories.

RBOB: $1.7908/gal, down 6.83 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices fell on declining values in crude oil futures.

BENZENE: Spot benzene in the US Gulf finished the week with prices at $2.90-2.95/gal DDP (delivery, duty paid) for July, and $2.87-2.90/gal DDP for August.

ETHYLENE: US July ethylene was notionally unchanged at 23.75-25.25 cents/lb with no deals heard done.

PROPYLENE: US refinery-grade propylene (RGP) was steady at 36.5-37.0 cents/lb.

For more pricing intelligence please visit www.icispricing.com.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

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