07 January 2013 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: February WTI: $92.77/bbl, down 32 cents/bbl. February BRENT: $110.97/bbl, down 34 cents/bbl
Futures were pressured by a stronger US dollar, but this was offset by hopes of recovery in the US and China following the release of encouraging manufacturing data.
NAPHTHA: $932-934/tonne, steady
The cargo range held steady from Friday afternoon as the effects of lower crude oil values were balanced by a firmer crack spread. February swaps were assessed at $918-919/tonne.
BENZENE: $1,450-1,465/tonne, down $30/tonne
Soft demand for spot benzene pushed prices down in morning trading. January was valued at $1,450-1,465/tonne and February at $1,445-1,465/tonne.
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