European gasoline margins rose sharply on Wednesday, tracking higher US prices, as inventories of the motor fuel fell unexpectedly in the United States last week. US gasoline stocks fell by 1.3 million barrels last week, compared with analyst expectations in a Reuters poll for a 1.4 million-barrel gain, the Energy Information Administration said on Wednesday.
But crude inventories rose unexpectedly by 2.3 million barrels, compared with analysts' expectations for a 2.5 million barrels draw. Total European net refinery output rose by 3.2 percent in November from a month earlier as seasonal refinery maintenance slowed, data from industry monitor Euroilstock showed on Wednesday. Gasoline production was up 6.7 percent from October and 6.6 percent from November 2015. There were no trades, bids or offers of benchmark Eurobob gasoline during the afternoon trading window. No barges of premium unleaded gasoline traded and there were no bids or offers.
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