NOON SNAPSHOT - Europe Markets Summary

23 November 2010 12:00  [Source: ICIS news]

LONDON (ICIS)--Here is Tuesday’s midday European oil and chemical market summary from ICIS.

CRUDE: January WTI: $81.28/bbl, down $0.46/bbl. January BRENT: $83.41/bbl, down $0.55/bbl
The stronger US dollar and weak equities were placing downward pressure on crude oil futures, which traded in negative territory for most of the morning session.

NAPHTHA: $751-759/tonne, up $4/tonne.
The cargo range edged up from Monday afternoon as crude oil prices rose slightly and the crack spread strengthened. December swaps were assessed at $754-755/tonne

BENZENE: $960-970/tonne, steady
November price ideas were unchanged this morning in a quiet market.

STYRENE: $1,170-1,190/tonne, down $15-25/tonne
November bids and offers were down this morning in a quiet market. There was no firm range for December discussed yet.

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By: Staff Reporter
+44 20 8652 3214

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