Northwest European (NWE) product prices failed to keep pace with the sharp rise in underlying crude prices. Independent product stocks in the Amsterdam-Rotterdam-Antwerp region fell to their lowest since early January, as refinery maintenance encouraged inventory draws. Eurobob oxy gasoline barge values against North Sea Dated fell by more than $2/bl on the week. But arbitrage economics to transatlantic markets improved, supporting a stockdraw. Weekly US gasoline demand rose to a new high, and blending demand strengthened.
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