26 June 2012 17:10 [Source: ICIS news]
LONDON (ICIS)--Here is Tuesday’s end of day European oil and chemical market summary from ICIS.
CRUDE: August WTI: $79.05/bbl, down 16 cents/bbl. August BRENT: $91.74/bbl, up 73 cents/bbl
The front-month August ICE Brent contract strengthened late on Tuesday supported by the euro falling to a two-week low against the dollar.
NAPHTHA: $710-717/tonne, down $7-8/tonne
The cargo range slipped from earlier in the day due to slightly lower crude oil prices. Two trades took place this afternoon. July swaps were assessed at $715-717/tonne.
BENZENE: $1,170-1,180/tonne, up $5-15/tonne
The market gained some of the ground lost earlier in the day. The first half of July was still valued higher at $1,190-1,220/tonne. August bids were at $1,055/tonne and $1,060/tonne but there were no corresponding offers.
STYRENE: $1,300-1,320/tonne, up $10-30/tonne
The market recovered for July, noticeably at the lower end, as benzene also moved up this afternoon. August was valued at $1,275-1,315/tonne.
TOLUENE: $1,160-1,180/tonne, steady
The market was quiet and the range for June was steady
MTBE: $1,093-1,107/tonne, steady
There were no MTBE trades during open market trading, with the spot price range assessed stable. EuroBob gasoline traded at $915-924/tonne ?xml:namespace>
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