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Europe Gasoline/Naphtha-Cracks turn negative, touch 1-year low on demand fears

LONDON, March 12 (Reuters) - Northwest European gasoline refining margins turned negative on Thursday, hitting their lowest since February last year amid fears over demand amid the spread of the coronavirus globally. * Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 4% to 1.17 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed. * U.S. gasoline stocks fell by 5 million barrels last week, double analysts' forecasts in a Reuters poll. * European oil refineries reduced their crude processing rates by 0.6% in February from a year earlier, Euroilstock data showed on Thursday. * Oxy gasoline barge traded volumes in February fell to 218,800 tonnes from 433,300t in January and 230,000t in February 2019, according to Argus Media. * This brings oxy barge volumes for the year-to-date to 652,100t, compared with 508,000t in the same period last year, Argus said. Gasoline (in tonnes) Trades Bids Offers Prev. Sellers Buyers (vol.) Trades Ebob $243 $246 Barges MOC Platts E5 (fob ARA) <EUROBO B-ARA> Ebob Barges E10 Platts( fob ARA) Ebob $322-$332 Total, Shell, Barges $243-$28 (4KT) Exxon, Varo, Argus 8 (7KT) Finco, BP E5(fob Varo AR) Ebob $321-$334 Exxon, Varo, Barges .50 Total Gunvor E10 $274-$28 (14KT) Argus 3.50 (fob (10KT) AR) April $358 swap $273 fob ARA Premium $252 $255 $340 (8 Unleade barges) d (fob ARA) <PU-10P P-ARA> Cargoes $278 (fob (fob MED) Vasil iko) Cargoes (cif NWE) Naphtha $251 (cif NWE) <NAF-C- NWE> Ebob crack (per barrel) $. prev. $. Brent futures Rbob Rbob crack <RBc1-CLc1> (Reporting by Ahmad Ghaddar; Editing by Susan Fenton)