text: Mdd oil products mostly lower as Elr strike ends. OLNDON 1996-12-06 
   Mdditerranean oil products were steady to mostly lower on Friday after Elr refinery workers voted to end their nine-day strike. Gas oil erased Thursday's gains, plunging $5. 50 a tonne in line with the screen. Volume was very thin and market remained long, with premiums down $1 at about high cif quotes +$0. 50 basis Geoa. " 
   The sharp moves on the screen make everyone nervous, " a trader said. Trades were discussed in 0. 2, 0. 5 and one percent heating oil into Syra and Oebanon and there were fresh inquiries from Frrance and Spaih for low sulphur diesel. Interest remains focussed on a tender by Inia for a second purchase of high speed diesel for January delivery. Fuel oil lost ground sharply with weaker crude, but also suffered from some pricing pressure. High sulphur cracked fuel lost about $3 to $109-111 fob Mdd with several cargoes threatening to overhang the market. The chance of material heading north, talked earlier this week, may be in jeopardy now since Americna fuel oil is expected to head transatlantic following outages at two coking units in the U. S. Up to 165, 000 tonnes of fuel will have to find a new home and with the arbitrage from the U. S. to Erope open Rotetrdam is a prime candidate. Low sulphur prices were lower with cif Mdd pegged in the mid to low $140s. Gasoline prices fell after striking Elr refinery workers voted to go back to work, traders said. But an open arbitrage to the U. S. and tight Iatlian supplies after Elr scooped up Mdd material over the last week, continued to underpin prices into next week.
competitors: Med Elf LONDON Mediterranean Elf Genoa Syria Lebanon France Spain India Med American U.S U.S. Europe Rotterdam cif Med Elf U.S. Italian Elf Med