14 June 2013 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s midday European oil and chemical market summary from ICIS.
CRUDE: July WTI: $97.00/bbl, up 31 cents/bbl. August BRENT: $105.25/bbl, up 30 cents/bbl
Despite concerns about falling global demand and growing stocks levels, crude futures were trading in positive territory on the back of a weaker dollar.
BENZENE: $1,340-1,360/tonne, up $5/tonne on the sell side
June offers opened slightly higher this morning in line with some minor gains on crude overnight, although bearish sentiment in both Asia and the US kept a lid on any upward movement. July was valued at $1,330-1,350/tonne.
STYRENE: $1,690-1,725/tonne, up $10/tonne
The market opened firmer this morning, slightly buoyed by the US market following news that Styrolution has pushed forward its planned turnaround. July was valued at $1,685-1,715/tonne, trading on Thursday at $1,695/tonne and $1,700/tonne.
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