01 April 2009 11:00 [Source: ICIS news]
SINGAPORE (ICIS news)--Here is Tuesday’s end of day Asian oil and chemical market summary from ICIS pricing.
CRUDE: May WTI $48.33/bbl down $1.33 May BRENT $48.13/bbl down $1.10
Crude futures prices declined more than $1/bbl on Wednesday, erasing overnight gains. Prices fell following a larger than expected build in US crude stocks and further downbeat economic data which raised further concerns over global demand. At 8:30 GMT on Wednesday, the Dubai Mercantile Exchange (DME) May Oman futures contract settled at $47.30/bbl, up 62 cents/bbl on the previous day’s close.
NAPHTHA: Asian naphtha prices closed softer Wednesday. Second half May price indications were pegged at $444.50-445.50/tonne CFR (cost and freight) Japan, first half June at $436.50-437.50/tonne CFR Japan and second half June at $429.50-430.50/tonne CFR Japan.
BENZENE: Prices firmed during Wednesday afternoon’s trading to $565-575/tonne FOB (free on board) ?xml:namespace>
TOLUENE: Prices were at $570-580/tonne FOB
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