Asia-Pacific draws in sweet crude

摘要

Oil prices fell in the US, as crude and gasoline stocks rose significantly, while Asian demand bolstered prices in Europe. US light sweet marker WTI fell by $1.50/bl to $76.46/bl. This put it at a discount to Atlantic basin benchmark North Sea Dated, which gained $1.23/bl to $77.79/bl.In the Mediterranean market, Asia-Pacific demand drew cargoes of January Algerian light sweet Saharan Blend and December Caspian BTC Blend. India's state-owned HPCL will take a January cargo from Norwegian firm Statoil, while December cargoes are heading to Indonesia, Thailand and Japan. Thai and Indian refiners bought January-loading Saharan Blend through tenders.