Thursday, July 12, 2007

European Naphtha Falls for Second Day on Lower Demand for Fuel From Asia

(Bloomberg) -- European naphtha prices declined for
the second day on lower demand from Asia and on higher gasoline
inventories in the U.S. Propane was unchanged after rising for
five days.

Naphtha swaps prices for August fell $1.11, or 0.2 percent,
to $688.37 a metric ton as of 9:49 a.m. in London, according to
data from London-based energy broker PVM. The August spread
between naphtha and Brent crude widened 5 cents to $1.30 a barrel.


Read more at Bloomberg Energy News

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