Brent crude prices squeeze profit margins, gasoline crack in Europe at near zero

28-Feb-11
European gasoline's crack fell to near zero - US$0.05 a barrel, on Friday as strong Brent crude prices squeezed profit margins, as per Reuters. There were no trades in the European physical naphtha window,resulting in a wide bid-offer spread. The highest bid was quoted at around US$934/ton cif NWE, the lowest offer at around US$952/ton.
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