Europe Gasoline-Cracks rise above $6 a barrel
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Cybill [2011-05-20]
LONDON, Nov 17 - European gasoline crack spreads jumped above $6 a barrel on Tuesday on expectations of a reopening of the arbitrage to the United States. Supplies are expected to be tighter next month when traders can expect to make a profit of $2.20 a tonne from shipping gasoline west. Spot barges for late November and early December loading changed hands above $700 a tonne fob ARA on Tuesday which was the highest in over a week.