31 December 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: Feb WTI: $90.48/bbl, down 32 cents/bbl. Feb BRENT: $109.81/bbl, down 81 cents/bbl
Futures prices continue to be pressured on ongoing concerns over the lack of progress in US budget talks.
NAPHTHA: $948-950/tonne, up $1/tonne
The cargo range edged up as a result of a slightly stronger crack spread. January swaps were assessed at $932-934/tonne.
BENZENE: $1,510-1,535/tonne, range widens
The range was notionally assessed wider at $1,510-1,535/tonne for January, but there was a notable absence of any interested buyers or sellers. Meanwhile, the January benzene contract price was fully confirmed at €1,153/tonne, up €69/tonne from the previous month.
STYRENE: $1,720-1,740/tonne, steady
The market was void of any firm bids or offers for spot styrene. Traders assessed the range notionally unchanged.
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