Europe Gasoline/Naphtha-Cracks jump as crude prices sink

LONDON, Nov 1 (Reuters) - Benchmark northwest European gasoline refining margins rose sharply on Thursday, buoyed by lower oil prices and inventory drawdowns on both sides of the Atlantic.

* U.S. gasoline stocks fell 3.2 million barrels last week, according to the Energy Information Administration. This compared with analysts' expectations in a Reuters poll for a 2.1 million barrels drop.

* Stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub declined slightly to 985,000 tonnes in the week to Thursday, according to data from Dutch consultancy PJK International.

* Nigeria's state oil firm NNPC said on Thursday it had signed a crude-for-product deal with BP for the next six months to help meet the country's gasoline needs over the holidays and ahead of its general election early next year.

Gasoline (in tonnes)

Trades Bids Offers Prev. Sellers Buyers (vol.) trades Ebob Barges $619

MOC (fob ARA) <EUROBOB-ARA

>

Ebob Barges $630-$6 - - $635-$6 Petroin Total, Argus(fob 43 50 eos, Varo AR) (42KT) (16KT) Litasco

, Gunvor, Glencor e, P66

Dec swap fob $601 - - -

ARA

Premium $651-$6 - - $675-$6 Unleaded 56.75 78

(fob ARA) <PU-10PP-ARA

>

Cargoes - - - - -

(fob MED)

Cargoes (cif - - - - - -

NWE)

Naphtha - - - - (cif NWE) -

<NAF-C-NWE>

1637 GMT change Brent (per barrel) $72.91 -2.84 pct Ebob crack (per barrel) $3.868 prvs $1.818 Rbob (per gallon) $1.7020 -2.82 pct Rbob crack <RBc1-CLc1> $7.92 -4 pct

(Reporting by Ahmad Ghaddar; Editing by Mark Potter)