Benchmark C+F Japan naphtha price hits seven-year high amid spike in crude

The benchmark C+F Japan naphtha cargo assessment hit a seven-year high of $888.125/mt at the Asian close Feb. 22, S&P Global Platts data showed, led by a jump in crude oil futures. The assessment was last higher at $897.875/mt Sept. 5, 2014 and has risen 20.32% from $738.125/mt since the start of the year, Platts data showed. Crude oil futures…