HOUSTON (ICIS)--Here is Friday's midday ?xml:namespace>
CRUDE: Mar WTI: $100.02/bbl, down 33 cents; Apr Brent: $108.43/bbl, down 9 cents
NYMEX WTI crude futures drifted lower on pre-long weekend selling in response to released data showing a drop in retail sales and in manufacturing output. WTI traded within a narrow range in search of a comfort level.
RBOB: Mar $2.7769/gal, down 0.03 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures were little changed by midday in a quiet market. The downward action came on weaker WTI crude futures.
NATURAL GAS: Mar $5.288/MMBtu, up 6.5 cents
The front month contract extended the previous day’s gains, rising on bullish sentiment related to falling inventory levels and colder weather forecasts for late February.
ETHANE: higher at 39.00 cents/gal
Ethane spot prices continued to gain strength as natural gas futures rose.
OLEFINS: ethylene steady at 50-52 cents/lb, PGP steady at 68.25-71.00 cents/lb
US February ethylene bid/offer levels were unchanged at 50.0-52.0 cents/lb, as inventories remain high and demand soft. US polymer-grade propylene (PGP) bid/offer levels were unchanged at 68.25-71.00 cents/lb.
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