HOUSTON (ICIS)--Here is Monday’s end of day ?xml:namespace>
CRUDE: Apr WTI: $104.92/bbl, up $2.33; Apr Brent: $111.20/bbl, up $2.13
NYMEX WTI crude futures surged in response to the geopolitical crisis developing between Russia and Ukraine, which could drag in Western powers. The military confrontation encouraged a flight-to-safety by investors, lifting the value of various commodities such as gold, oil and grains. In the currency markets, a stronger dollar had limited impact on the rally.
RBOB: Apr $3.0203/gal, up by 4.29 cents
US reformulated blendstock for oxygen blending (RBOB) gasoline futures for the March prompt contract settled 4.29 cents/gal higher at $3.0203/gal on Monday, the first day for April to be the prompt month contract. RBOB drew strength from crude oil futures, which spiked on tensions between Ukraine and Russia.
NATURAL GAS: Apr $4.492/MMBtu, down 11.7 cents
The Henry Hub benchmark closed lower than the previous session, with the front month recovering after the recent rally prompted by cold weather and low storage levels. Although upcoming weather forecasts show abnormally cold weather will persist, natural gas production is expected to resume and replenish storage levels.
ETHANE: narrower at 32.63 cents/gal
Ethane spot prices moved to a tighter range in Monday trading, as buying activity remained thin.
AROMATICS: mixed xylenes flat at $3.60-3.70/gal, toluene flat at $3.68-3.78/gal
US aromatics activity was thin on Monday. There were no fresh trades heard during the day. As a result, mixed xylenes (MX) and toluene spot prices were flat from the previous session.
OLEFINS: March ethylene wider at 50.5-54.5 cents/lb, March PGP done higher at 69.5 cents/lb
US March ethylene bid/offer levels were heard at 50.5-54.5 cents/lb, wider than a trade at the close of the previous week at 52.5 cents/lb. US March polymer-grade propylene (PGP) traded at 69.5 cents/lb, up from the previous reported trade at 68.0 cents/lb.
For more pricing intelligence please visit www.icispricing.com