LONDON, July 14 - European gasoline prices rose on
Tuesday but gains failed to match a bounce in crude futures,
keeping cracking margins under pressure. Brokers said demand for oil products remains weak, even if
some traders have been looking to come back into the market
following the near 25 percent drop in wholesale gasoline prices
since mid-June. Exports to the United States and West Africa -- two of the
main markets for European refiners -- have been limited.
Tuesday but gains failed to match a bounce in crude futures,
keeping cracking margins under pressure. Brokers said demand for oil products remains weak, even if
some traders have been looking to come back into the market
following the near 25 percent drop in wholesale gasoline prices
since mid-June. Exports to the United States and West Africa -- two of the
main markets for European refiners -- have been limited.
