Europe Gasoline-Expected run cuts support crack
LONDON, July 10 (Reuters) - European gasoline prices fell on Friday following a drop in crude oil prices.
But its crack rose as weak middle distillates' crack was likely to force refiners to cut runs, tightening gasoline supplies, traders said.
PRICES
* Premium unleaded 10ppm gasoline barges traded mostly at $571-$571 a tonne fob ARA and two at $565. The levels were down from deals at $570-$579 on Thursday.
* Dealing was moderate, about 22,000 tonnes changing hands throughout the day.
* The fall in Eurograde gasoline barge prices was limited compared with crude oil and its crack to dated Brent BFO- rose to $9.20 a barrel from $7.75 on Thursday.
* Brent crude futures were trading $1.00 lower at $60.10 a barrel by 1641 GMT.
* U.S. RBOB gasoline futures RBc1 were trading 0.7 percent down at $1.6518 a gallon.
NAPHTHA
* Shell bid a cargo at $507 a tonne cif NWE.
* Swaps were around $506 a tonne for August and $504 for September.
(Reporting by Ikuko Kao; Editing by Keiron Henderson)
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