Europe gasoline falls $30/t in line with Brent

07 July 2008 16:58  [Source: ICIS news]

LONDON (ICIS news)--Gasoline prices fell $30/tonne on Monday in line with crude and with cracks against Brent holding steady, market sources said.

 

Prices fell from a high of $1,174/tonne FOB (free on board) AR (Amsterdam, Rotterdam) in early trading to $1,144-1,146/tonne FOB AR.

 

Cracks against Brent crude continued to hold steady around -3 where they have been for the past week.

 

One trader said that figure was now optimistic and cracks were notionally pegged between -3.55 and -3.24.

 

August Brent crude on London’s ICE Futures was trading around $141.50/bbl, having hit a low of $141/bbl, a loss of $3.42/bbl from Friday’s close.

 

A dealer said that gasoline prices were following Brent down.

 

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By: Staff Reporter
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