EVENING SNAPSHOT – Europe Markets Summary

16 November 2012 17:48  [Source: ICIS news]

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

CRUDE: December WTI: $86.50/bbl, up $1.05/bbl. January BRENT: $108.56/bbl, up 55 cents/bbl
Crude oil futures gained late on Friday tracking firmer stock markets. Prices were also supported by continued unrest in the Middle East.

NAPHTHA: $910-912/tonne, down $1/tonne
No deals were seen, but assessed values were more or less unchanged amid relatively stable crude oil prices and an unchanged crack spread. December swaps were assessed at $916-918/tonne.

BENZENE: $1,310-1,340/tonne, steady
November was quiet, and the range was unchanged. December traded twice at $1,330/tonne this afternoon.

STYRENE: $1,440-1,460/tonne, down $5/tonne
The market was quiet and the November range edged down slightly.

TOLUENE: $1,330-1,370/tonne, steady
November was steady in a quiet market. There were no clear buy/sell indications, although sources said offers for TDI grade are still firm.

MTBE: $1,117/tonne, unchanged
No deals were done and the range is assessed unchanged. EuroBob gasoline traded at $963-971/tonne.

For more intelligence pricing please visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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