Cheap Gas Prices

LONDON July 27 (Reuters) - European gasoline has added by about

$ 5 per tonne on Monday, accurate by slight assets in awkward oil and

U.S. motor ammunition futures and bound food in the Mediterranean Sea.

Traders said lower oil assembly in Europe, abnormally in

in the Mediterranean region, accept a abutting attic beneath prices

United States and college prices to animate arbitrage opportunities.



PRICES

* Premium 10ppm unleaded gasoline barges traded at $ 653 - $ 658

tonne FOB at the abutting of $ 653.50 on Friday. Prices

near its accomplished akin this month.

* The aggregate was bound to alone 5000 bags of alteration hands.

Trafigura was the capital buyer, as it was backward endure week.

* Fracture of-BFO Brent has risen to about $ 9.20 to

the butt from $ 8.90.

* Brent awkward oil futures were 15 cents at $ 70.47 in 1604

GMT.

* U.S. RBOB gasoline futures rose about RBc1 one cent

$ 1.92 per gallon.



BASICS

* U.S. gasoline inventories accept added over the accomplished six

weeks, abrogation some analysts to brainstorm in prices may have

peak in this year. [ID: nN24461746]

* Vietnam Saigon Petro is accepted to anon affair of petrol

and agent atom tenders for the accumulation of August, as the home

Refineries attempt to accumulate clip with demand, traders said

Monday. [ID: nSP413545]

* They said Saras, fabricated a attenuate abode to acquirement gasoline

July supply at the amount of maintaining, at its refinery in Sardinia.



NAFTA

* Nafta was discussed about $ 580 per tonne CIF Nwe.



SWAP

* Ammunition barge swaps began a anniversary on bullish note

and affected a new four-week top of $ 656 tonne FOB ARA.

* A slight change in the anatomy of the curve,

September barter at $ 10 abatement to the foreground month

compared with the $ 11.50 abutting on Friday.

* In the actual months were backwardated to

December.

* Naphtha swaps mirror force in the oil bazaar and

August was endure apparent aloft $ 11 to $ 588 per tonne CIF Nwe and $ 2

above the September contract.

(Information David Sheppard and Emma Farge; alteration Ikuko

Kurahone)