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Olefins Mixed Across the Board in U.S. and Europe
1:04 PM MDT | September 1, 2010 | Lindsey Bewley
In advance of the Labor Day weekend in the U.S. petrochemical markets were devoid of buying interest. In contrast, Europeans began to trickle back from their August holidays, so more activity was reported, but it was without clear direction. Markets were very jumbled, even erratic, starting from primary hydrocarbons. West Texas Intermediate Crude was off 28 cts/bbl to $71.92/bbl while Brent crude rose almost $2 to $74.73/bbl. In a rare conversion, natural gas tracked WTI, shedding 28 cts/million Btu, $3.79/million Btu. That was a much more significant blow to gas...
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