Europe Gasoline-Falls due to Europe inventories rise

LONDON, July 9 (Reuters) - Gasoline prices fell on Thursday
due to a dip in Brent crude prices earlier in the day and
because European statistics showed an increase in inventories,
following U.S. data showing similar rises in the United States.

PRICES

* Premium unleaded 10ppm gasoline barges traded mostly at
$568-$570 a tonne fob ARA and one at $579. The levels were
marginally lower than deals at $570-$575 at a tonne fob ARA from
$580-$589 a tonne on Wednesday.

* Dealing was moderate, about 19,000 tonnes changing hands
throughout the day.

* The fall in Eurograde gasoline barge prices was in line
with crude oil and its crack to dated Brent BFO- was up
slightly to $8.65 a barrel from $8.55 on Wednesday.

* Brent crude futures fell below $60 a barrel for the first
time since late May. They were trading 24 cents up at $60.67.

* U.S. RBOB gasoline futures RBc1 were trading 0.9 percent
up at $1.6474 a gallon.

SWAPS

* The balance of July was unchanged from Wednesday at
$575.50 a tonne.

*The spread between July and August widened by 50 cents to
backwardation of $4.50 a tonne.

* The rest of the curve remains in backwardation with
September quoted at $563.75 a tonne.

* Cracks were at $6.85 a barrel for the balance of the third
quarter and $1.50 for the fourth quarter.

NAPHTHA

* No naphtha deals were done in the afternoon trading
window.

* Naphtha swaps were $509 for August and $506 for September.

INVENTORIES

* Two sets of monthly and weekly oil data showed increases
in gasoline inventories in Europe.

* Gasoline inventories in 16 European countries rose 5.1
million barrels at the end of June from May, making the largest
monthly jump since June 2000, Euroilstock data showed.
[O/EUROIL1]

* Gasoline inventories held in the independent ARA stocks
rose 12.7 percent to 800,000 tonnes over the week to Thursday
from the previous week, Dutch oil analyst Patrik Kulsen said.
[ARA/]
(Reporting by Ikuko Kao, Editing by Peter Blackburn)