-- Gasoline margins in northwest Europe climbed to a premium of over $17 per barrel against crude on Friday, marking a roughly $25 weekly jump, according to a Bloomberg analysis on Monday.
The sharp rise in gasoline's premium to crude comes as refiners recover from pressure tied to high oil prices driven by the Iran conflict, the analysis said.
The rebound follows a steep drop earlier, with volatility largely driven by swings in physical crude prices that directly impact refining economics.
Earlier in April, a surge in Dated Brent pushed gasoline margins into negative territory, but with crude prices now easing, gasoline has moved back to a premium over Brent, the analysis added.