17 December 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: January WTI: $86.67/bbl, down 6 cents/bbl. February BRENT: $107.98/bbl, down 20 cents/bbl
Futures prices were pressured amid concerns over a lack of progress in the US budget negotiations.
NAPHTHA: $933-935/tonne, up $7/tonne
The cargo range climbed from Friday afternoon, driven by a stronger crack spread. January swaps were assessed at $922-924/tonne.
BENZENE: $1,490-1,515/tonne, down $5-10/tonne
European spot benzene prices opened a touch softer along with crude values. Traders described the market as quiet. December was valued at $1,490-1,515/tonne, with January at $1,500-1,530/tonne.
STYRENE: $1,580-1,600/tonne, down $10/tonne
Softer benzene and quiet market conditions resulted in lower numbers on Monday morning. January was valued at $1,625-1,645/tonne.
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