NOON SNAPSHOT – Europe Markets Summary

09 October 2012 12:00  [Source: ICIS news]

LONDON (ICIS)--Here is Tuesday’s midday European oil and chemical market summary from ICIS.

CRUDE: November WTI: $89.85/bbl, up 52 cents/bbl. November BRENT: $112.50/bbl, up 68 cents/bbl
Crude prices remained firm on the back of heightened Middle East tensions between Syria and Turkey.

NAPHTHA: $967-970/tonne, down $4/tonne
The cargo range slipped from Monday afternoon as the effects of a weaker crack spread overrode those of firmer crude oil prices. November swaps were assessed at $940-942/tonne.

BENZENE: $1,280-1,300/tonne, up $20/tonne
The market edged back up as crude recovered earlier losses. Higher numbers in Asia and the US also supported the gains.

STYRENE: $1,600-1,630/tonne, up $30/tonne
Stronger benzene numbers and balanced supply saw October prices move up this morning.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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