30 March 2011 11:58 [Source: ICIS news]
LONDON (ICIS)--Here is Wednesday’s midday European oil and chemical market summary from ICIS.
CRUDE: May WTI: $104.29/bbl, down $0.50/bbl. May BRENT: $114.66/bbl, down $0.50/bbl
Futures traded in negative territory on news of higher crude inventories in the ?xml:namespace>
NAPHTHA: $980-988/tonne, down $1/tonne
The cargo range edged down from the previous afternoon as the effects of lower crude oil prices overrode those of a stronger crack spread. April swaps were assessed at $975-977/tonne.
BENZENE: $1,190-1,200/tonne, steady
The European benzene market was quiet a day ahead of the April contract settlement. April and May spot benzene were assessed flat.
STYRENE: $1,480-1,495/tonne, down $5/tonne
The European aromatics complex, including the styrene market, was very quiet, as many active participants were returning from the annual International Petrochemical Conference meeting in
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