HOUSTON (ICIS)--Here is Friday's midday ?xml:namespace>
CRUDE: Apr WTI: $101.74/bbl, down $1.01; Apr Brent: $109.41/bbl, down 89 cents
NYMEX WTI crude futures fell on pre-weekend selling and on a correction to recent gains on the first session for April as the spot month. A sell-off in ultra-low sulphur diesel (ULSD) futures also pressured the energy complex. WTI bottomed out at $101.69/bbl before rebounding.
RBOB: Mar $2.8248/gal, down 2.18 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures traded lower during morning hours, mainly as it tracked weaker crude futures.
NATURAL GAS: Mar: $5.965/MMBtu, down 9.9 cents
The front month on the NYMEX natural gas futures market extended the previous day’s losses into a second day, losing value on the back of Thursday’s gas storage report from the US Energy Information Administration (EIA) and the milder temperature outlook for high demand regions through the weekend.
ETHANE: higher at 41.50 cents/gal
Ethane spot prices rose in early trading on an increase in buying interest.
OLEFINS: ethylene lower at 50.00-52.25 cents/lb, RGP bid flat at 59.5 cents/lb
US February ethylene bid/offer levels fell to 50.00-52.25 cents/lb compared with the previous reported trade at 52.50 cents/lb a day ago. US February refinery-grade propylene (RGP) bid levels were unchanged at 59.5 cents/lb against no fresh offers.
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