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Oil report

US refining margins slip in most regions - CS

NEW YORK, July 13 (Reuters) - Refining margins in most regions fell last week due to weaker product prices, Credit Suisse said in a weekly report released on Monday.

Margins in the Northeast fell the most, off 64 cents at $4.59 a barrel in the week to July 10, while Midwest margins gave up 34 cents to $9.08 a barrel.

West Coast margins fell 44 cents to $9.50 a barrel.

“U.S. refined product prices fell across the board this past week, and as a result, refining margins were unable to benefit from the more than 10 percent drop in crude prices,” the Credit Suisse report said.

Gulf Coast margins held steady at $6.77 a barrel, while margins in the Rockies gained $1.59 to $19.82 a barrel.

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