NOON SNAPSHOT Europe Markets Summary

13 September 2013 12:00  [Source: ICIS news]

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

CRUDE: October WTI: $107.62/bbl, down 98 cents/bbl. October BRENT: $112.23/bbl, down 40 cents/bbl
Crude futures weakened, as Russian foreign minister Sergei Lavrov met with US secretary of state John Kerry in Geneva, for a second day of talks to secure Syria’s chemical weapons and to convince the US not to attack Syria. A western military strike against Syria could lead to a wider conflict, causing oil supply disruptions from the middle east.

NAPHTHA: $935-940/tonne, down $1/tonne on the low end, down $2/tonne on the high end
The cargo range was assessed down on sligthly lower ICE Brent crude oil futures. October swaps were assessed at $930-931/tonne.

BENZENE: $1,300-1,315/tonne, widening
September bids and offers widened slightly amid some slight gains in Asia and the US, although prompt sentiment remains sluggish alongside derivative shutdowns. October was in contango still at $1,305-1,325/tonne.

STYRENE: $1,800-1,845/tonne, down $25/tonne on the sell side
Offers for September moved back down as buyers remained fixed at $1,800/tonne.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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