Yahoo! Philippines News - Latest Philippines News & International News Headlines: Asia Distillates-Regrade prices at almost 1-year high

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Asia Distillates-Regrade prices at almost 1-year high Oct 11th 2012, 11:25 SINGAPORE, Oct 11 (Reuters) - Asian regrade prices - theprice difference between jet fuel and gasoil - climbed to analmost one year high on Thursday as jet fuel found strength fromthe United States and China ahead of year-end travel amid shortsupply. October regrade prices in the derivatives market climbed 24cents to $3.01 a barrel, the highest since Oct. 17 last year,Reuters data showed. Chevron Corp said this week the central crude oilrefining unit at its 245,000 barrel-per-day (bpd) Richmond,California refinery would remain shut for the rest of the year. ...

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