NOON SNAPSHOT – Europe Markets Summary

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

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

CRUDE: April WTI: $91.55/bbl, down 1 cent/bbl. April BRENT: $110.59/bbl, down 56 cents/bbl
Crude oil futures traded in negative territory, pressured by news that China reduced its crude oil imports during February. However, the falls were capped by stock markets which were trading at firmer levels.

NAPHTHA: $923-925/tonne, down $2/tonne
The cargo range edged down on the back of softer crude oil prices. April swaps were assessed at $893-895/tonne.

BENZENE: $1,280-1,300/tonne, down $20/tonne
The market continued to drop amid continued weakness in other regions and slower buying appetite.

STYRENE: $1,600-1,620/tonne, down $15-20/tonne
The market was quiet, with many players travelling. Bearish benzene sentiment saw March assessed slightly lower.

For more pricing intelligence visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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