Europe Gasoline/Naphtha-Gasoline refining margins firm
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XLE•US gasoline stocks USOILG=ECI fell by 1.7 million barrels last week to 206 million barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 95,000-barrel build. EIA/S
US Energy Secretary Chris Wright on Wednesday said a US ban on diesel exports would not work and could push up gasoline and jet fuel prices, a stance at odds with President Donald Trump, who is backing the idea.
Northwest European gasoline refining margins rose by nearly $2 to $51.15 a barrel on Wednesday as US inventories of the motor fuel dropped unexpectedly.