The spread between the two products was $1.09/gal for the week ended 7 October, steady with the prior week.
US spot benzene prices had moved higher by 4 cents/gal in a lightly traded market amid a major industry conference in Europe. US benchmark WTI crude oil futures at the close of 7 October also were higher by $1.57/bbl (4 cents/gal) than the prior week.
With the value of both products rising, the benzene-crude ratio moved slightly lower to 1.92, down from 1.95 the prior week.
Major US benzene producers include ExxonMobil, Flint Hills Resources, LyondellBasell, Marathon Petroleum, Shell and Phillips 66.