NewsSignals AI analysis·Reuters·Nov 6, 2026

Gasoline refining margins rise

Grade Bbullish AI signal$BRENT$GASOLINE

Northwest European gasoline refining margins climbed $2 on Friday, even as crude oil prices headed for a sharp weekly decline. The Eurobob gasoline crack spread increased to $11.30 per barrel from $8.97 previously, while India's October fuel consumption rose nearly 10% month over month. Stronger refining margins and continued Middle East supply disruptions could support gasoline profitability despite weaker crude prices.

Bullish strength: 75/100

Northwest European gasoline refining margins increased by $2.
Eurobob crack spread rose to $11.30 per barrel from $8.97.
India's fuel consumption increased nearly 10% month over month.
Middle East vessel attacks continue providing a floor for crude prices.
Constrained global supplies have encouraged U.S. refiners to prioritize higher-margin distillates and jet fuel.

Bearish strength: 25/100

Oil prices were heading for a sharp weekly decline.
Hopes of de-escalation in the U.S.-Israeli war on Iran could reduce geopolitical supply concerns.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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