NOON SNAPSHOT – Europe Markets Summary

30 November 2012 12:00  [Source: ICIS news]

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

CRUDE: January WTI: $88.12/bbl, up 5 cents/bbl. January BRENT: $110.93/bbl, up 17 cents/bbl
Crude oil futures edged marginally higher, however prices remain pressured amid a lack of progress between Democrats and Republicans in the US over budget talks.

NAPHTHA: $949-951/tonne, up $3/tonne
The cargo range edged up as a result of slightly higher crude oil prices. December swaps were assessed at $942-944/tonne.

BENZENE: $1,410-1,425/tonne, down $5/tonne on the buy side
December bids opened marginally lower as crude futures eased off overnight. January was still in a slight contango on the offer side at $1,410-1,435/tonne.

STYRENE: $1,520-1,550/tonne, down $15-30/tonne
December bids and offers were lower following unconfirmed news that Shell has lifted its force majeure on styrene at its Moerdijk site in the Netherlands. January was firmer with offers at $1,590/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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