A rise in crude prices to a 10-week high pressured products margins, while a drop in freight rates supported gasoline exports and diesel imports. Weaker fuel oil margins opened up export opportunities. Gasoline sellers in northwest Europe showed strong interest in shipping car- goes transatlantic, drawn by robust US demand and a drop in freight rates, while arbitrage economics to the Mediterranean region improved. Gasoline premiums to North Sea Dated crude rose by around 30￠/bl, with high stocks limiting gains.
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