19 November 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: January WTI: $87.90/bbl, up 98 cents/bbl. January BRENT: $109.70/bbl, up 75 cents/bbl
Futures traded in positive territory on heightened supply concerns, following further Israeli air strikes on Gaza.
NAPHTHA: $936-942/tonne, up $26-30/tonne.
The cargo range was assessed up, driven by higher crude oil prices. December swaps were assessed at $927-929/tonne.
BENZENE: $1,345-1,370/tonne, up $30-35/tonne
European spot benzene prices moved up on the back of higher crude values. November benzene was at $1,345-1,370/tonne CIF ARA, with December in the same range as November. No public deals were confirmed. January was in contango at $1,350-1,400/tonne.
STYRENE: $1,470-1,490/tonne, up $30/tonne
European styrene spot numbers moved up along with benzene spot prices, but traders described the market as quiet. November and December were notionally valued at $1,470-1,490/tonne.
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