EVENING SNAPSHOT - Americas Markets Summary

18 August 2014 23:00 Source:ICIS News

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

CRUDE: Sep WTI: $96.41/bbl, down 94 cents; Oct Brent: $101.60/bbl, down $1.93
NYMEX WTI crude futures lost ground as investors were less concerned about supply risks caused by geopolitical unrest in Iraq and Ukraine. Additional barrels of Libyan oil also eased supply concerns. 

RBOB: Sep $2.6560/gal, down 4.26 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures weakened, as crude futures fell to a 14-month low on easing geopolitical concerns

NATURAL GAS: Sep $3.792/MMBtu, up 1.6 cents/MMBtu 
The front month contract on the NYMEX edged upwards, boosted by stronger near term demand fundamentals stemming from warmer weather forecasts.

ETHANE: higher at 22.63 cents/gal
Ethane spot prices moved slightly higher, following natural gas futures.

AROMATICS: benzene down at $4.85-4.99/gal
Prompt benzene spot prices were discussed at $4.85-4.99/gal during the day, sources said. The range was down from $4.90-5.10/gal the previous session.

OLEFINS: ethylene done flat at 66.5 cents/lb, RGP done lower at 60 cents/lb
US August ethylene traded at 66.5 cents/lb on Monday, flat with the previous three trades done there during the past week. US August refinery-grade propylene (RGP) traded at 60.00 cents/lb on Monday, down from the previous reported trade at 61.25 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By Staff Reporter