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Story summary
- PetroChina cancelled several October gasoline and jet fuel shipments, tightening global fuel markets.
- Chinese refiners halted all oil product exports beyond Hong Kong and Macau until further notice.
- Asian diesel margins rose to $75 a barrel, with October-November spreads at a two-week high.
- Brent crude rose 2.2% to $100.15 per barrel and WTI to $91.74.
- Analysts expect the export suspension to keep Asian refining margins elevated.