03 September 2010 12:21 [Source: ICIS news]
LONDON (ICIS)--Here is Friday's midday European oil and chemical market summary from ICIS.
CRUDE: October WTI: $74.62/bbl, down $0.41/bbl. October BRENT: $76.62/bbl, down $0.31/bbl
Crude prices lost ground in anticipation of negative employment data from the ?xml:namespace>
NAPHTHA: $673-681/tonne, up $1/tonne
The cargo market was assessed up from the previous afternoon, in line with higher crude figures and despite a weaker crack spread. September swaps were pegged at $667-669/tonne.
BENZENE: $885-895/tonne up $10/tonne
European benzene prices moved up as a result of higher prices in the
STYRENE: $1,095-1,110/tonne up $15-20/tonne
A flurry of styrene deals were recorded in morning trading, lifting the September and October bid/offer ranges. September styrene was valued at $1,095-1,110/tonne, up $15-20/tonne. October was pegged at $1,100-1,115/tonne. Deals were heard at $1,100-1,105/tonne for September and at $1,105-1,110/tonne for October. Higher numbers and concerns about availability in the
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