Industry Metrics: US, international product markets show weakness

US product markets weakened despite strong domestic gasoline demand. Gasoline crack spreads lost ground due to oversupply and rising inventories. European markets were impacted by the lack of export opportunities for light distillates and fuel oil. Asian markets weakened sharply, as higher light distillate inventories in Singapore amid oversupply caused gasoline and naphtha crack spreads to suffer sharp falls. 






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