17 June 2013 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: July WTI: $98.50/bbl, up 65 cents/bbl. August BRENT: $106.39/bbl, up 46 cents/bbl
Crude futures edged higher, supported by firmer stock markets around the globe. Asian stock indices settled in positive territory and in Europe the FTSE 100, CAC 40 and Dax were all trading in positive territory.
NAPHTHA: $864-867/tonne, down $1/tonne.
The cargo range was assessed down on a weaker crack spread. July swaps were assessed at $858-859/tonne.
BENZENE: $1,345-1,360/tonne, down $5-10/tonne
Ongoing weakness in the US market saw Europe open lower. July was valued at $1,330-1,350/tonne.
STYRENE: $1,725-1,750/tonne, up $20-25/tonne
Both June and July were higher following deals done for both months late on Friday 14 June at $1,720/tonne. A sharp spike in the Asian market earlier on Monday also supported the uptrend.
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