Europe gasoline refining margins recover
USO•Northwest European gasoline refining margins recovered by $15.37 to $48.58 a barrel on Tuesday after falling sharply in the previous session.
1. Margin rebounds
Northwest European gasoline refining margins recovered by $15.37 to $48.58 a barrel on Tuesday, compared with $33.21 previously. A total of 15,000 metric tons of E5 gasoline barges and 13,000 tons of E10 barges traded.
2. Oil market context
Oil futures declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran.
