25 March 2011 17:06 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s end of day European oil and chemical market summary from ICIS.
CRUDE: May WTI: $105.09/bbl, down $0.51/bbl. May BRENT: $115.53/bbl, down $0.19/bbl
Crude oil futures were relatively unchanged from Thursday as the negative effect of fears over the debt crisis in Europe was countered by supply disruptions in ?xml:namespace>
NAPHTHA: $993-1001/tonne, up $6/tonne
The cargo range climbed from earlier in the day, driven by a stronger crack spread. One trade took place this afternoon. April swaps were assessed at $988-989/tonne.
BENZENE: $1,205-1,215/tonne, up $5-15/tonne
April benzene traded in the afternoon session at $1,210/tonne CIF ARA. March and April were both valued at $1,205-1,215/tonne CIF ARA, following the deal.
STYRENE: $1,467-1,480/tonne, steady
The market was quiet with no deals. March and April prices were unchanged from the morning session.
TOLUENE: $1,040-1,070/tonne, steady
April toluene bids and offers were unchanged. Traders described the market was very quiet owing to the upcoming NPRA meeting in the US.
MTBE: $1,198-1,202/tonne, up by $18-34/tonne
Prices continued to increase more or less in line with gasoline prices. EuroBob gasoline traded at $958-963/tonne, putting the MTBE factor against cash barges at 1.25.
PARAXYLENE: $1,710-1,720/tonne, steady
Spot prices were steady and there were no bids or offers. Product remained tight and demand strong.
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