Americas Markets Summary
HOUSTON (ICIS news)--Here is Tuesday’s end of day Americas oil and chemical market summary from ICIS pricing.
CRUDE: WTI: $39.96/bbl, up $1.52; BRENT: $42.50/bbl, up $1.51
Following a late rally, crude prices were practically unchanged in after-market electronic trading, trading around $39.95/bbl. The statistics from the American Petroleum Institute (API) revealed a build in crude and distillate stocks but a drawdown in gasoline and heating oil inventories.
NATURAL GAS: $4.236/MMBtu, up 13.9 cents
Natural gas futures prices rose during floor trading, following colder forecasts for the northern US.
RBOB: $1.0837/gal, up 4.04 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices followed crude oil up, gaining on the back of stronger demand outlook.
BENZENE: US benzene participants cited an unexpected drop in prices to $1.22-1.27/gal, compared with the mid $1.30s/gal a week ago.
ETHYLENE: No new February ethylene trades were heard done on Tuesday. On Monday, March ethylene traded at 33 cents/lb and April material traded at 28 cents/lb.
PROPYLENE: No new trades were heard done in the refinery-grade propylene (RGP) market on Tuesday. RGP for February was last traded on 18 February at 24.00 and 24.50 cents/lb.
CRUDE: WTI: $39.96/bbl, up $1.52; BRENT: $42.50/bbl, up $1.51
Following a late rally, crude prices were practically unchanged in after-market electronic trading, trading around $39.95/bbl. The statistics from the American Petroleum Institute (API) revealed a build in crude and distillate stocks but a drawdown in gasoline and heating oil inventories.
NATURAL GAS: $4.236/MMBtu, up 13.9 cents
Natural gas futures prices rose during floor trading, following colder forecasts for the northern US.
RBOB: $1.0837/gal, up 4.04 cents
Reformulated gasoline blendstock for oxygenate blending (RBOB) futures prices followed crude oil up, gaining on the back of stronger demand outlook.
BENZENE: US benzene participants cited an unexpected drop in prices to $1.22-1.27/gal, compared with the mid $1.30s/gal a week ago.
ETHYLENE: No new February ethylene trades were heard done on Tuesday. On Monday, March ethylene traded at 33 cents/lb and April material traded at 28 cents/lb.
PROPYLENE: No new trades were heard done in the refinery-grade propylene (RGP) market on Tuesday. RGP for February was last traded on 18 February at 24.00 and 24.50 cents/lb.
source: www.ICIS.com
