EVENING SNAPSHOT Europe Markets Summary

02 May 2014 17:26 Source:ICIS News

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

CRUDE: June WTI: $99.72/bbl, up 30 cents/bbl. June BRENT: $108.55/bbl, up 79 cents/bbl
Crude futures climbed on Friday supported by escalating violence in Ukraine. However, prices were capped by the return of Buzzard crude from the North Sea and the first tanker to load crude oil from Libya’s Zueitina port in 10 months is approaching the region.  

NAPHTHA: $931-933/tonne, down $1/tonne
The cargo traded down from earlier in the day. There were two trades in the open market platform.
June swaps were assessed at $909-911/tonne.

BENZENE: $1,400-1,420/tonne, steady
The spot market was quiet and the May bid/offer range was unchanged. June remained backwardated at $1,350-1,375/tonne.

STYRENE: $1,635-1,655/tonne, steady
The market remained quiet throughout the day and the bid/offer level for May was unchanged.

TOLUENE: $1,120-1,135/tonne, steady
The spot market was quiet and the bid/offer range was assessed steady.

MTBE: $1,115/tonne, steady
Methyl tertiary butyl ether prices are assessed stable, with no deals heard during open market trading.

For more pricing intelligence please visit ICIS pricing.


By Staff Reporter