EVENING SNAPSHOT - Americas Markets Summary

Source: ICIS News

2019/02/13

HOUSTON (ICIS)--Americas evening snapshot Wednesday 13 February 2019.

Product Latest Previous Change
Brent April 63.61 62.42 1.19
WTI March 53.90 53.10 0.80
Gasoline - RBOB March 1.4651 1.4272 0.0379
Natural Gas March 2.575 2.688 -0.113
Ethane 31.250 31.375 -0.125
Propane 64.563 63.625 0.938
Benzene 1.990 1.980 0.010
Toluene 2.200 2.215 -0.015
Mixed xylenes 2.580 2.515 0.065
Ethylene 15.750 16.250 -0.500
Propylene 34.500 34.500 0.000

CRUDE: Rose in response to cuts in OPEC’s oil production, led by Saudi Arabia, overshadowing the fourth consecutive build in crude inventories revealed by the EIA stats.

GASOLINE: Higher, tracking gains in crude oil.

NATURAL GAS: Lower on expectation of growing supply.

ETHANE: Lower, in line with falling natural gas prices.

PROPANE: Sharply higher on rising crude oil.

BENZENE: Up with crude.

TOLUENE: Down tracking liquidity.

MX: Up amid tightening supply.

ETHYLENE: Lower amid ample supply, lower ethane.

PROPYLENE: Steady in a balanced market.

The snapshot is compared to the previous evening. Chemicals prices are the mid-point of a range. (Crude $/bbl; gasoline $/gal; natural gas $/MMBtu; ethane and propane, cents/gal; aromatics $/gal; olefins, cents/lb)