11 February 2013 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: March WTI: $95.50/bbl, down 22 cents/bbl. March BRENT: $118.35/bbl, down 55 cents/bbl
Crude prices eased off a little on the back of concerns over the eurozone economy, but they remained close to nine-month highs.
BENZENE: $1,415-1,440/tonne, up $5-10/tonne
February opened steady at $1,410-1,430/tonne amid subdued Asian activity over the Lunar New Year period, but gradually crept up as the morning progressed. March was valued flat with February.
STYRENE: $1,720-1,750/tonne, up $10/tonne on the sell side
February offers opened firmer at $1,750/tonne this morning, supported by stronger benzene numbers. March bids were at $1,750/tonne and there were no offers yet, an indication of the widening contango for the upcoming month.
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