EVENING SNAPSHOT Europe Markets Summary

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.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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