11 July 2008 19:12 [Source: ICIS news]
LONDON (ICIS news)--Gasoline traded on Friday at a record high in ?xml:namespace>
The deal was done on a free on board (FOB)
Gasoline had registered a new record high earlier in the day at $1,193/tonne
Brent crude prices hit new front-month record highs above $147.00/bbl on a variety of supply concerns earlier before prices took dip.
However, they still remained well above the previous day’s close and posted gains of over a dollar on the week, having recouped all the losses seen in the first few days.
Crack spreads for gasoline against crude continued to recover. They were pegged around -1.6 against spreads assessed earlier in the week around -3.
($1 = €0.63)
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