02 May 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Wednesday’s midday European oil and chemical market summary from ICIS.
CRUDE: June WTI: $105.74/bbl, down 42 cents/bbl. June BRENT: $119.37/bbl, down 29 cents/bbl
Crude futures traded in negative territory on a strengthening US dollar. However, upbeat manufacturing data from the US and China limited the downside pressure.
BENZENE: $1,265–1,280/tonne, up $10/tonne
May was higher this morning despite a dip in crude pricing, while June was valued at $1,255–1,270/tonne. July was also offered at $1,270/tonne.
STYRENE: $1,530–1,550/tonne, up $10/tonne
May edged up this morning alongside benzene, although the market was quiet as players awaited news of the monthly contract settlement. Bids for June were at $1,505/tonne.
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