Naphtha cracks in Europe rise on demand from USA, crude losses v
09-Jul-12
Naphtha and gasoline cracks strengthened in Europe, at the end of last week, amid tight prompt supplies caused by continuing gasoline demand from USA and sharply dropping crude oil futures, following disappointing US jobs data, as per Reuters. Naphtha cracks rose despite a closed arbitrage window to Asia in July and increased supplies from tanks in the Antwerp-Rotterdam-Amsterdam hub. The product was still partly buoyed by gasoline blending by participants seeking to short cover existing window sales or term contract commitments in.
09-Jul-12 
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