Prices declined alongside crude oil, which pulled back in New York for a third day on concern the gains of the past four weeks may have been overdone. While gasoline demand in the US, the world’s biggest oil consumer, has improved, stockpiles remained more than 4 percent higher than the five-year average level, according to Energy Department data.

There were no physical-cargo transactions in Singapore, Asia’s biggest oil-trading center. Vietnam’s Saigon Petroleum Co. sought 92-RON and 95-RON gasoline totaling 25,000 tons for December delivery, according to an official document.

Gasoline’s premium to naphtha fell to $6.50 a barrel from $7.35 a barrel on Oct. 23, Bloomberg calculations showed. A narrower reforming margin suggests gasoline lost its appeal to refiners.

Source: Bloomberg