Wednesday, July 4, 2007

European Naphtha Prices for August Drop For First Day in Three on Oil Drop

(Bloomberg) -- European naphtha prices fell for the
first day in three following a decline in crude oil before the
release of U.S. Department of Energy stockpiles data tomorrow.
Propane also dropped.

Naphtha swaps for August fell $5.68, or 0.8 percent, to
$671.37 a metric ton as of 5:05 p.m. in London, according to
energy broker PVM. The August naphtha spread to crude oil
narrowed $1.15 to $1.70 a barrel.


Read more at Bloomberg Energy News

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