14 June 2012 17:23 [Source: ICIS news]
LONDON (ICIS) – Here is Thursday’s end of day European oil and chemical market summary from ICIS.
CRUDE: July WTI: $83.28/bbl, up 66 cents/bbl. July BRENT: $97.20/bbl, up 7 cents/bbl
WTI crude oil futures gained on Thursday supported by firmer stocks including the Dow Jones Industrial Average and Standard & Poor’s 500 Index. Brent, however, spent much of the day in negative territory after ?xml:namespace>
NAPHTHA: $727-735/tonne, up $13/tonne
The cargo range climbed from earlier in the day, driven by higher crude oil prices and a firmer crack spread. July swaps were assessed at $732-734/tonne.
BENZENE: $1,265-1,320/tonne, steady
The market was quiet this afternoon, with players attending the European Petrochemical Luncheon. The range was unchanged.
STYRENE: $1,280-1,300/tonne, steady
A deal for June delivery was heard from yesterday at $1,250/tonne, but the range this afternoon was unchanged from earlier. July was valued at $1,240-1,260/tonne.
TOLUENE: $1,140-1,190/tonne, steady
The market was quiet, and the range for June was steady.
MTBE: $1,080-1,110/tonne, steady
There were no MTBE trades during open market trading and the range is assessed unchanged.
EuroBob gasoline traded at $927-934/tonne
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