NOON SNAPSHOT – Europe Markets Summary

21 November 2012 11:59  [Source: ICIS news]

LONDON (ICIS)--Here is Wednesday’s midday European oil and chemical market summary from ICIS.

CRUDE: January WTI: $87.55/bbl, up 80 cents/bbl. January BRENT: $111.07/bbl, up $1.24/bbl
Prices rose more than $1/bbl after clashes between Gaza and Israel escalated and on heightened concerns for future supplies from the region.  

NAPHTHA: $936-937/tonne, up $8/tonne.
The cargo range climbed from Tuesday afternoon, driven by higher crude oil prices. December swaps were assessed at $924-926/tonne.

BENZENE: $1,365-1,385/tonne, up $5-10/tonne
Firm crude levels and recent gains seen in the US helped edge November prices up this morning. December was flat with November.

STYRENE: $1,460-1,480/tonne, down $10/tonne on the sell side
November offers were assessed lower at $1,480/tonne amid weak prompt demand and ample availability. Attention was largely focused on December, where the numbers edged down to $1,480-1,525/tonne. The gap between bids and offers remained wide, however, with sellers still relatively bullish for the upcoming month. January was valued at $1,515-1,540/tonne.

For more pricing intelligence  please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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