24 December 2012 15:30 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s end of day European oil and chemical market summary from ICIS.
CRUDE: January WTI: $88.61/bbl, down 5 cents/bbl. February BRENT: $108.29/bbl, down 68 cents/bbl
Crude oil futures remained in negative territory pressured by growing uncertainty regarding the US budget which remains at a deadlock.
NAPHTHA: $951-953/tonne, up $3-4/tonne (the window closed early at 12:30 GMT)
The cargo range edged up with five trades taking place. January swaps were assessed at $933-935/tonne.
BENZENE: $1,515-1,540/tonne, stable
The market was quiet because of Christmas holiday absences and most business for the holiday period has now been concluded with attention firmly focused on January. Price ideas for January edged down from Friday’s close throughout the day to a low of $1,490/tonne, but offers remained at $1,530/tonne.
STYRENE: $1,680-1,725/tonne, stable
The market remained quiet because of Christmas holiday absences. Most business for December has now conluded. January bids and offers remained at $1,700-1,740/tonne throughout the day.
TOLUENE: $1,280-1,330/tonne, stable
The market was quiet because of Christmas holiday absences. Price ideas were unchanged from Friday’s close.
MTBE: $1,344/tonne, up $10/tonne on the low end of the range, down $6/tonne on the high end (the window closed early at 12:30 GMT)
There was one MTBE deal during open market trading. EuroBob gasoline traded at $936-938/tonne FOB AR, putting the MTBE factor against cash barges at 1.43-1.44.
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