EVENING SNAPSHOT Europe Markets Summary

04 February 2014 17:36  [Source: ICIS news]

LONDON (ICIS)--Here is Tuesday’s end of day European oil and chemical market summary from ICIS.

CRUDE: March WTI: $97.42/bbl, up 99 cents/bbl. March BRENT: $105.91/bbl, down 13 cents/bbl
NYMEX light-sweet crude oil futures surged on the back of a new policy in the US to allow limited exports of crude oil to Europe.

NAPHTHA: $896-898/tonne, down $4/tonne on the low end, down $3/tonne on the high end
The cargo range traded down. There was one trade in the open market platform. March swaps were assessed at $884-886/tonne.

BENZENE: $1,415-1,440/tonne, steady
February traded twice this afternoon at $1,420/tonne, within the current range.

STYRENE: $1,635-1,665/tonne, down $10/tonne on the sell side
A deal for February was done this afternoon at $1,650/tonne and the range was assessed lower on the sell side. March was in contango at $1,650-1,670/tonne.

TOLUENE: $1,130-1,140/tonne, steady
The spot market was quiet and the bid/offer range for February was steady. Initial settlements for February were heard at $1,131-1,132/tonne FOB NWE, an increase of $21-22/tonne from the previous month, with further confirmation from other players still pending.

MTBE: $1,074/tonne, steady
Prices were assessed stable with no deals heard open market trading.

For more pricing intelligence please visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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