NOON SNAPSHOT – Europe Markets Summary

10 April 2013 12:00  [Source: ICIS news]

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

CRUDE: May WTI: $94.04/bbl, down 16 cents/bbl. May BRENT: $105.98/bbl, down 25 cents/bbl
Crude oil futures weakened, pressured by US crude oil stock data from the American Petroleum Institute showing a 5.10m barrel increase in US stocks last week. An official stock report is expected to be published later by the US Energy Information Administration.

NAPHTHA: $850-851/tonne, up $6/tonne
The cargo range was assessed up on firmer crude oil prices. May swaps were assessed at $845-847/tonne.

BENZENE: $1,305-1,330/tonne, up $10/tonne on the sell side
April offers were higher following a rallying of prices and activity in the US market overnight. Buyers were so far unwilling to follow.

STYRENE: $1,600-1,620/tonne, widening
Bids for April and May were at $1,600/tonne but not met with any offers yet. The range was assessed slightly wider.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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