Europe Gasoline-Expected run cuts support crack

Fri Jul 10, 2009 6:11pm BST
 
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 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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