20 July 2010 12:00 [Source: ICIS news]LONDON (ICIS news)--Here is Tuesday’s midday European oil and chemical market summary from ICIS pricing.
CRUDE: August WTI: $76.26/bbl, down $0.28/bbl. September BRENT: $75.43/bbl, down $0.19/bbl
Crude oil futures were range bound with a weakening euro placing some downward pressure. The markets were waiting for the release of the ?xml:namespace>
NAPHTHA: $617-627/tonne, down $3/tonne
Spot prices lost some ground on the back of lower crude oil prices. August swaps were also pegged lower at $627-628/tonne.
BENZENE: $830-835/tonne, up $5/tonne
July was valued slightly up on the sell side in line with marginal gains on crude values. August was backwardated at $810-825/tonne.
STYRENE: $1,060-$1,080/tonne, steady
The range for July was unchanged this morning in a quiet market. August was notionally backwardated at $1,030-1,050/tonne.
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