NOON SNAPSHOT – Europe Markets Summary

01 February 2013 12:00  [Source: ICIS news]

LONDON (ICIS)--Here is Friday’s midday European oil and chemical market summary from ICIS.

CRUDE: March WTI: $97.15/bbl, down 34 cents/bbl. March BRENT: $115.65/bbl, up 10 cents/bbl
Brent remained around the highest levels seen for the front-month ICE Futures contract since October 2012, but the NYMEX was again somewhat weaker. Traders were now waiting on US jobs data due out later in the day.

NAPHTHA: $952-958/tonne, down $8/tonne
The cargo range lost ground as a result of a weaker crack spread. March swaps were assessed at $947-949/tonne.

BENZENE: $1,390-1,420/tonne, up $5-20/tonne
The market opened firmer, notably on the sell side, with February offers supported by steady crude numbers. March was valued at $1,390-1,410/tonne.

STYRENE: $1,715-1,740/tonne, up $5-10/tonne
February valued edged up alongside benzene with activity muted ahead of the monthly barge contract settlement. March was in contango at $1,720-1,750/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
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