06 October 2009 12:06 [Source: ICIS news]
LONDON (ICIS news)--Here is Tuesday’s midday European oil and chemical market summary from ICIS pricing.
CRUDE: November WTI: $71.19/bbl, up $0.79/bbl. November BRENT: 68.84/bbl, up $0.80/bbl
Crude oil futures showed gains of more than $1/bbl at one stage during the morning session. The jump was mainly due to a weaker US dollar and the stock markets trading in positive territory.
NAPHTHA: Open-spec spot cargoes were assessed in a $588-598/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, up $23/tonne CIF NWE on the buy side of the range set at the previous day’s end of trading. October swaps were pegged at $588-589/tonne CIF NWE.
BENZENE: Players assessed European October benzene at $725-735/tonne CIF ARA (?xml:namespace>
STYRENE: A European October styrene deal was discussed at $1,115/tonne FOB (free on board)
TOLUENE: The bid/offer range for October toluene remained unchanged at $670-730/tonne FOB
MTBE: One offer was heard for MTBE at a factor of 1.31 times against gasoline barges
XYLENES: There was no firm buying interest heard for October paraxylene, and the range remained stable at $720-740/tonne FOB
For more pricing intelligence please visit ICIS pricing
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