IHS Chemical Week

Economics :: Prices

CW Price Report


8:45 AM MDT | March 23, 2009

Oil prices climbed last week, with West Texas Intermediate (WTI) crude widening its premium over Brent crude. WTI gained more than $4.50, to almost $50/bbl, while Brent gained more than $3, to $46.77/bbl. Natural gas on the Henry Hub Index dropped a dime to $3.78/million Btu. Spot naphtha in Europe rose by $35/m.t. That rise ate into olefins margins, where markets were flat and prices remained level, market sources say. Both producers and buyers agreed to continue monthly olefins contract pricing through the second quarter, sources say. In North America, spot...

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