HOUSTON (ICIS)--Here is Monday’s end of day ?xml:namespace>
CRUDE: Jun WTI: $99.48/bbl, down 28 cents; Jun Brent: $107.72/bbl, down 87 cents
NYMEX WTI crude futures gave back Friday’s gains in response to downbeat economic data out of China showing a contraction in the manufacturing sector. A sell-off in refined products also pressured crude prices. The selling overshadowed the escalating tensions in Ukraine. WTI bottomed out at $98.91/bbl before rebounding.
RBOB: Jun $2.9092/gal, down 3.53 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower in a quiet market and as crude futures slipped.
NATURAL GAS: Jun $4.688/MMBtu, up 1.4 cents
The front month contract closed up for the first time in four sessions, boosted by bullish market sentiment related to 11-year low inventory levels and strong power sector demand.
ETHANE: lower at 28.63 cents/gal
Ethane spot prices weakened on tepid demand due to turnaround season. The weakness was tempered by a slight uptick in natural gas futures.
AROMATICS: toluene tighter at $3.46-3.48/gal
US toluene moved to within a narrower range of $3.46-4.48/gal FOB (free on board) on Monday, following a trade at $3.47/gal. The Monday range was tighter compared with $3.45-3.55/gal FOB the previous session.
OLEFINS: ethylene offered flat at 58.5 cents/lb, PGP offered higher at 68.75 cents/lb
US May ethylene offer levels were flat at 58.5 cents/lb against no fresh bids. US May polymer-grade propylene (PGP) offer levels rose slightly to 68.75 cents/lb from 68.50 cents/lb against no fresh bids.
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