15 January 2010 17:14 [Source: ICIS news]
LONDON (ICIS news)--Here is Friday’s end-of-day European oil and chemical market summary from ICIS pricing.
CRUDE: February WTI: $78.45/bbl, down $0.94/bbl. March BRENT: $77.60/bbl, down $0.97/bbl
A firmer US dollar added further downward pressure to prices, which continued to tumble as milder weather spread across the northern hemisphere.
NAPHTHA: Open-spec spot cargoes were assessed in a $720-722/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, up $3/tonne CIF NWE on the buy side of the range set earlier in the day. January swaps were pegged at $710-711/tonne CIF NWE. One deal for 12,500 tonnes was reported at $721/tonne CFR (cost and freight) ?xml:namespace>
BENZENE: January benzene closed at $1,090-1,100/tonne CIF ARA (
STYRENE: The styrene market was thin and pegged at $1,270-1,285/tonne FOB (free on board)
TOLUENE: Bids and offers in the toluene market were unchanged from this morning at $880-900/tonne FOB
MTBE: The factor rose further in the afternoon with six trades seen. Two were at $813/tonne
XYLENES: The paraxylene market was kept unchanged at $1,030-1,050/tonne FOB
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