EVENING SNAPSHOT - Americas Markets Summary

22 August 2014 23:00 Source:ICIS News

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

CRUDE: Oct WTI: $93.65/bbl, down 31 cents; Oct Brent: $102.29/bbl, down 34 cents
NYMEX WTI crude futures fell on pre-weekend selling in response to a stronger dollar and modest losses in the stock market. Sentiment that crude supplies are adequate also pressured the energy complex.

RBOB: Sep $2.7384/gal, down 0.91 cent/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower as the market quieted down after making gains of nearly 10 cents/gal during the past three trading sessions.

NATURAL GAS: Sep $3.840/MMBtu, down 4.9 cents/MMBtu 
The front month contract on the NYMEX natural gas futures market closed the trading week down for the second time in three sessions, losing ground on cooler weather forecasts for the end of August.

ETHANE: lower at 22.50 cents/gal
Ethane spot prices moved lower with natural gas futures on Friday.

AROMATICS: benzene down at $4.62-4.70/gal
Prompt benzene spot prices came down during the day, sources said. The morning range was down from $4.90-4.98/gal the previous session. Sources said August prices were at parity with September prices.

OLEFINS: ethylene done higher at 68 cents/lb, RGP steady at 58.5-62.0 cents/lb
US August ethylene traded four times at 68.0 cents/lb on Friday, up from the previous reported trades at 67.5 cents/lb on tight supply. US August refinery-grade propylene (RGP) bids and offers were unchanged at 58.5-62.0 cents/lb on Friday.

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By Staff Reporter