14 November 2012 17:00 [Source: ICIS news]
LONDON (ICIS)--Here is Wednesday’s end of day European oil and chemical market summary from ICIS.
CRUDE: Dec WTI: $85.82/bbl, up 44 cents/bbl. Dec BRENT: $109.30/bbl, up $1.04/bbl
Crude oil futures gained in a short space of time late on Wednesday due to unrest in the ?xml:namespace>
NAPHTHA: $925-930/tonne, down $3/tonne
Two cargo trades were done at $929-930/tonne. December swaps were assessed at $927-929/tonne.
BENZENE: $1,330-1,350/tonne, up $10/tonne on the buy side
November values edged down to $1,315-1,340/tonne in a subdued market but later moved back up as Brent saw gains of over $1/bbl. December bids came down as low as $1,305/tonne, but later closed at $1,325-1,340/tonne.
STYRENE: $1,440-1,480/tonne, down $10-25/tonne
November lost ground this afternoon alongside benzene, as the current month is well supplied and derivative demand remains soft. Bids moved as low as $1,430/tonne but the market later recovered to close at $1,440-1,480/tonne. December offers were at $1,480/tonne but not met with any bids, later edging back up to $1,490/tonne.
TOLUENE: $1,330-1,370/tonne, steady
November was steady in a quiet market. Nevertheless, balanced supply levels mitigated any downward turn on pricing.
MTBE: $1,114-1,117/tonne, down $9-12/tonne
Prices eased off with two afternoon trades. EuroBob gasoline traded at $951-963/tonne
For more intelligence pricing please visit ICIS pricing
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