EVENING SNAPSHOT – Europe Markets Summary

LONDON (ICIS)--Here is Thursday’s end of day European oil and chemical market summary from ICIS.

CRUDE: June WTI: $96.93/bbl, up 12 cents/bbl. June BRENT: $112.61/bbl, down 59 cents/bbl
The June ICE Brent contract continued to trade in negative territory late on Thursday as political and economic instability continued to pressure prices. However, across the Atlantic, prices firmed on the back of a bullish jobs report in the US.

NAPHTHA: $897-905/tonne, down $7/tonne
The cargo range lost ground from earlier in the day on the back of slightly lower crude oil prices. Two trades took place this afternoon. June swaps were assessed at $904-906/tonne.

BENZENE: $1,240-1,260/tonne, steady
The market was subdued this afternoon and the range was steady. June was valued at $1,230-1,240/tonne.

STYRENE: $1,460-1,480/tonne, steady
The range for May was steady this afternoon alongside a stable benzene market.

TOLUENE: $1,210-1,230/tonne, down $10/tonne on the sell side
The market was quiet and the offer level edged down in line with recent crude and energy losses.

MTBE: $1,169-1,179/tonne, unchanged
The market was inactive with no deals, bids or offers. EuroBob gasoline prices traded at $1,028-1,032/tonne.