27 September 2013 17:15 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s end of day European oil and chemical market summary from ICIS.
CRUDE: November WTI: $103.52/bbl, up 49 cents/bbl. November BRENT: $109.28/bbl, up 7 cents/bbl
Crude oil futures surged late on Friday after members of the US Federal Reserve suggested the tapering of its $85bn/month asset purchase programme may not begin until 2014.
NAPHTHA: $903-905/tonne, up $3/tonne on the low end, up $4/tonne on the high end
The cargo range traded up. There was one trade in the open market platform. October swaps were assessed at $900-902/tonne.
BENZENE: $1,245-1,255/tonne, down $5
October price assessments moved down $5/tonne and deals were done at $1,245-1,248/tonne. November benzene was pegged at $1,240-1,255/tonne.
STYRENE: $1,690-1,730/tonne, steady
October prices held steady, with a slight differential apparent for 1H and 2H October delivery. November was valued at $1,680-1,700/tonne.
TOLUENE: $1,125-1,150/tonne, steady
Spot prices held steady with crude. Little buying or selling interest was seen as the market focused on October contract price discussions.
MTBE: $1,100-1,101/tonne, up $1/tonne on the high end
Prices edged up on the high end, with two trades taking place during the open window session.
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