04 June 2012 06:26 [Source: ICIS news]
SINGAPORE (ICIS)--Crude futures declined by more than $1/bbl on Monday, extending the heavy losses last week, with data out of the world’s top two biggest oil consumers failing to inspire confidence on the global economic prospects.
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Fears about the euro breaking amid the eurozone debt crisis are also plaguing the commodities and equities markets.
Benzene fell by $70-75/tonne in the morning trade, with prices falling below $1,000/tonne. At midday, benzene was assessed at $980-990/tonne (FOB)
Toluene, meanwhile, shed $55-60/tonne on Monday to $965-980/tonne (FOB)
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