15 October 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: November WTI: $91.55/bbl, down 31 cents/bbl. November BRENT: $114.60/bbl, down 2 cents/bbl
Crude futures were trading in mildly negative territory on concerns about global demand. However, the ongoing Middle East tension was limiting losses.
NAPHTHA: $970-972/tonne, up $4/tonne
The cargo range climbed from Friday afternoon, driven by a stronger crack spread. November swaps were assessed at $943-945/tonne.
BENZENE: $1,275-1,305/tonne, range widens
The European benzene market was quiet in morning trading. November was valued at $1,270-1,295/tonne. No public deals were confirmed.
STYRENE: $1,600-1,630/tonne, offers $10/tonne lower
European styrene was offered at $1,630/tonne for October and $1,620/tonne for November. The offers failed to attract any corresponding bids.
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