Tuesday, July 24, 2007

Gasoline, Naphtha Drop in Europe as Brent Oil Slides Toward $76 a Barrel

(Bloomberg) -- European gasoline and naphtha for
this month and next fell as Brent crude oil slipped towards $76
on speculation OPEC may pump more oil to meet year-end demand.
Propane was unchanged after falling for two days.

Gasoline spot prices for July loading in Amsterdam-
Rotterdam-Antwerp fell $2 to $703.50 a metric ton as of 10:12
a.m. in London, according to data compiled by Bloomberg. The
contract dropped for the fourth day. Swaps prices for August
extended losses yesterday, declining $6.37, or 0.9 percent, to
$690.68 a ton, according to London-based energy broker PVM. The
contract fell $14.70 yesterday.


Read more at Bloomberg Energy News

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