Friday, July 16, 2010

NWE naphtha crack swaps plunge to lowest level in nine months

Northwest European naphtha crack swaps have plunged to their lowest level in nine months, according to Platts. Naphtha crack swaps represent the relative value of the product to crude. CIF NWE naphthaa crack swap for August was assessed on the over-the-counter market on Monday at minus US$5.

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