Fuel Oil, Gasoil Refining Margins Rise as Supplies Fall: Wrap
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Refining margins for fuel oil and gasoil rose for a second day on concern that supplies will fall as the region imports less and refiners reduce utilization rates amid slowing economic growth.
Gasoil processing profits gained 10 cents to $11.85 a barrel against Dubai crude at 10:01 a.m. Singapore time, according to data from broker PVM Oil Associates. Gasoil swaps dropped 25 cents to $82.75 a barrel.