09 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: $96.42/bbl, down 59 cents/bbl. June BRENT: $112.04/bbl, down 69 cents/bbl
Crude oil futures were trading in negative territory, pressured by mounting political uncertainty in ?xml:namespace>
NAPHTHA: $912-920/tonne, up $7/tonne
The cargo range climbed, driven by higher crude oil prices. June swaps were assessed at $913-915/tonne.
BENZENE: $1,240-1,260/tonne, down $5/tonne
May opened slightly weaker on continued macroeconomic uncertainty and overnight losses on crude. June was backwardated at $1,230-1,250/tonne.
STYRENE: $1,475-1,500/tonne, down $10-20/tonne
May was lower following deals late on Tuesday at $1,485/tonne and $1,490/tonne and ongoing upstream bearishness.
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