LONDON (ICIS)--Here is Friday’s midday European oil and chemical market summary from ICIS.
CRUDE: January WTI: $97.25/bbl, down $0.13/bbl. January BRENT: $111.50/bbl, up $0.52/bbl
Brent prices gained ground as some North Sea production was halted by the storm hitting northern Europe.
NAPHTHA: $969-971/tonne, up $2/tonne
The cargo range was assessed up on a stronger crack spread. January swaps were assessed at $947-949/tonne.
BENZENE: $1,370-1,390/tonne, up $5/tonne on the buy side
Bids for December edged up as the US market saw continued gains on limited prompt availability. The first half of the month remains at a premium, with offers at $1,395/tonne. January was also firmer at $1,350-1,365/tonne, as demand for the new year starts to pick up.
STYRENE: $1,630-1,655/tonne, up $5/tonne on the sell side
December was relatively steady so far in a subdued market. A deal for the second half of the month was done midweek at $1,640/tonne. January was valued at $1,650-1,670/tonne, having traded at $1,650/tonne earlier in the week.
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