Sharp hike in US benzene prices follows escalating crude prices

Benzene prices in USA witnessed a sharp hike as crude oil values escalated in line with monting tensions in Libya, as per Platts. Benzene price was approaching record highs set in August 2008- March benzene was heard bid at 447 cents/gal FOB USG, with offers at 465 cents/gal FOB USG. Libya, an OPEC member, exports some 1.5 mln bpd of oil.
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