EVENING SNAPSHOT – Europe Markets Summary

08 October 2012 17:09  [Source: ICIS news]

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

CRUDE: November WTI: $89.65/bbl, down 23 cents/bbl. November BRENT: $112.00/bbl, down 2 cents/bbl
Losses posted early in the day on the back of a firmer US dollar and concerns over the global economy and energy demand were recouped as continued border attacks between Syria and Turkey heightened concerns over supply disruptions in the Middle East.

NAPHTHA: $971-974/tonne, up $2-3/tonne.
The cargo range edged up from earlier in the day as a result of higher crude oil prices. Two trades took place this afternoon. November swaps were assessed at $944-945/tonne.

BENZENE: $1,260-1,280/tonne, steady
The market was subdued, owing to the EPCA conference in Budapest, Hungary. October values were unchanged from earlier. November was valued at $1,250-1,270/tonne.

STYRENE: $1,570-1,600/tonne, steady
The market was quiet, with players attending the EPCA in Budapest, Hungary. The range for October was unchanged. November was valued at $1,560-1,600/tonne.

TOLUENE: $1,350-1,400/tonne, steady
The market was quiet and the spot range for October was steady.

MTBE: $1,295-1,302/tonne, steady
There were no MTBE trades reported by sources. EuroBob gasoline traded at $1,083-1,096/tonne FOB AR.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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