Commentary

Crude oil prices crept higher last week as mixed economic news left traders unsure about near-term trends. West Texas Intermediate crude oil tacked on half a dollar, to $79.55/bbl, while Brent crude gained $1.22/bbl, to $76.81/bbl. Natural gas on the Henry Hub slipped 9 cts/million Btu, to $4.51/million Btu. Gains in crude oil led most North American feedstock prices to rise. naphtha gained about 2 cts/gal, while butane rose 5 cts/gal and propane added on 1 ct/gal. ethane fell about 3 cts/gal, however. Among olefins, U.S. spot ethylene inched higher by about 1...

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