NOON SNAPSHOT – Europe Markets Summary

07 March 2013 12:00  [Source: ICIS news]

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

CRUDE: April WTI: $90.73/bbl, up 30 cents/bbl. April BRENT: $110.97/bbl, down 9 cents/bbl
Brent crude oil futures edged lower as investors await results of monthly policy meetings held by the European Central Bank and the Bank of England.

NAPHTHA: $923-925/tonne, down $4/tonne
The cargo range was assessed down on a softer crack spread. April swaps were assessed at $893-895/tonne.

BENZENE: $1,335-1,350/tonne, steady
The market was quiet, with players attending the European Petrochemical Luncheon (EPL). April was in contango at $1,340-1,360/tonne.

STYRENE: $1,650-1,665/tonne, steady
March was unchanged in a subdued market so far. April was valued at $1,650-1,675/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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