19 October 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s midday European oil and chemical market summary from ICIS.
CRUDE: November WTI: $92.09/bbl, down 1 cents/bbl. December BRENT: $112.82/bbl, up 40 cents/bbl
ICE Brent crude oil futures gained, supported by a deal struck between eurozone leaders which agreed to implement a central banking regulator. The legal framework is expected to be drawn up by the end of the year.
NAPHTHA: $968-975/tonne, up $13/tonne
The cargo range made gains, driven by higher crude oil prices and a stronger crack spread. November swaps were assessed at $954-956/tonne.
BENZENE: $1,390-1,430/tonne, up $40-60/tonne
Spot prices continued to firm on tight supply and additional gains in ?xml:namespace>
STYRENE: $1,525-1,565/tonne, down $5-20/tonne
Spot prices continue to come down in morning trading despite further gains in the benzene market. November was pegged at $1,530-1,560/tonne. Sellers were outweighing the buyers, sources agreed.
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