Monday, June 11, 2007

European Gasoil, Jet Prices Fall on Expectatiion That Supply Will Increase

(Bloomberg) -- European gasoil fell for a second day
on expectations that supplies of transportation fuels will rise
during coming weeks in Europe and the U.S., easing concern that
provision won't meet peak demand in the summer vacation season.

Gasoil for immediate delivery in the Amsterdam-Rotterdam-
Antwerp area dropped $8.50, or 1.4 percent, to $599.50 a metric
ton at 11:26 a.m. in London, according to energy broker PVM.


Read more at Bloomberg Energy News

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