06 December 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Thursday’s midday European oil and chemical market summary from ICIS.
CRUDE: January WTI: $88.22/bbl, up 34 cents/bbl. January BRENT: $109.14/bbl, up 33 cents/bbl
Crude oil futures edged higher, finding support from firmer European stocks.
NAPHTHA: $920-925/tonne, down $1/tonne
The cargo range edged down on the back of slightly lower crude oil values. January swaps were assessed at $906-908tonne.
BENZENE: $1,450-1,485/tonne, down $5-20/tonne
Macroeconomic uncertainty halted further gains on Brent futures and led to some price erosion in the benzene market. January was in a slight contango at $1,460-1,490/tonne.
STYRENE: $1,550-1,570/tonne, down $5/tonne on the sell side
The market was relatively steady with offers slightly lower as players remain generally bearish about the coming weeks. January was valued at $1,580-1,600/tonne. The European December styrene customer reference price (CRP) has settled at €1,433/tonne FCA Rotterdam, up €15/tonne from the previous month.
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