NOON SNAPSHOT Europe Markets Summary

09 June 2014 12:00 Source:ICIS News

LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.

CRUDE: July WTI: $103.20/bbl, up $0.54/bbl. July BRENT: $109.15/bbl, up $0.54/bbl
Crude futures rose on the back of healthy Chinese export data, although this was countered somewhat by a drop in crude imports.

NAPHTHA$931/tonne, up $3-4/tonne
The cargo range was assessed up on a rise in ICE Brent crude oil futures. July swaps were assessed at $922-923/tonne.

BENZENE:  $1,310-1,320/tonne, steady
The market was subdued owing to holidays across much of Europe, and the bid/offer range for June was so far unchanged.

STYRENE: $1,610-1,620/tonne, steady
There were no firm bids or offers in a thin market. The range for June was unchanged.

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By Staff Reporter