Louisiana (USA): The Benzene prices in the US market decreased compared to the previous week, as the overall production cost of the commodity remained low. Last week, there was an unexpected increase in crude oil inventories in the United States, according to data from the American Petroleum Institute (API). This led to a xx decline in crude oil futures overnight and an xx drop over the month, with prices trading. This was driven by signs of weak US demand and easing tensions in the Middle East. The increase in US crude inventories has raised concerns about weakening demand.
With an overall decline of x.xx, the concluding price of Benzene was observed at USD xxxx per MT, FOB Louisiana in the US market.
Crude oil plays a crucial role in impacting the final prices of Benzene, as the production and...
