LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.
CRUDE: August WTI: $100.40/bbl, down 43 cents/bbl. August BRENT: $106.97/bbl, up 31 cents/bbl
Brent crude oil futures gained on Monday finding support from Libya, where protesters have again shut the Brega oil terminal just days after the authorities had regained its control.
NAPHTHA: $931-933/tonne, down $1/tonne
The cargo range was assessed down on a fall in ICE Brent crude oil futures from Thursday evening.
August swaps were assessed at $923-925/tonne.
BENZENE: $1,470-1,480/tonne, steady
The spot market was quiet so far, with no firm bid/offer ranges discussed yet. The July range was steady from last week’s close.
STYRENE: $1,610-1,645/tonne, down $5-30/tonne
Spot values saw a sharp drop late last week amid some downward pressure on the market, notably on the buy side, with sluggish demand weighing down on sentiment. August was slightly firmer than the current month, with bids at $1,620/tonne.
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