25 June 2012 17:01 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s end of day European oil and chemical market summary from ICIS.
CRUDE: August WTI: $78.45/bbl, down $1.31/bbl. August BRENT: $89.95/bbl, down $1.03/bbl
Crude oil futures extended losses, pressured by weaker stock markets around the world and higher bond yields for ?xml:namespace>
NAPHTHA: $689-697/tonne, down $7/tonne
The cargo range slipped on the back of lower crude oil prices. Three trades took place this afternoon. July swaps were assessed at $690-692/tonne.
BENZENE: $1,130-1,200/tonne, down $20-50/tonne
European benzene traded for the first half of July at $1,190/tonne. Any July was valued in a $1,130-1,155/tonne range, while first half July was at $1,180-1,200/tonne. August remained heavily backwardated.
STYRENE: $1,280-1,315/tonne, range narrows
The July spot range narrowed with August at $1,260-1,300/tonne. Traders said the market was quiet and no public deals were concluded.
TOLUENE: $1,160-1,180/tonne, steady
The spot market was void of any buying or selling interest.
MTBE: $1,093-1,107/tonne, up $2-23/tonne
No deals were done and the range has been increased based on bids and offers. EuroBob gasoline did not trade.
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