SINGAPORE, Nov 27 (Reuters) - Asia's gasoline margins dipped on Wednesday, after hitting a 15-week high in the previous session, even as 200,000 barrels of the benchmark grade of octane exchanged hands at the closing window.

The crack dipped to $6.93 per barrel over Brent crude, from $7.06 on Tuesday.

In naphtha, the margins declined for a fourth consecutive session on weak demand for the light distillate, leading to refining cuts.

The crack dipped by $2.72 to $82.73 per metric ton over Brent crude.

INVENTORIES

Light distillate stocks, including naphtha and gasoline, at the Fujairah commercial hub rose by 123,000 barrels to 5.823 million barrels in the week ending Nov. 25, S&P Global Commodity Insights data showed.

U.S. gasoline inventories rose by 1.81 million barrels, and distillate stocks rose by 2.54 million barrels, market sources said, citing American Petroleum Institute figures on Tuesday.

NEWS

Oil prices edged up on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah and Sunday's OPEC+ meeting, in which the group could delay a planned increase to oil output.

Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said.

SINGAPORE CASH DEALS

Two gasoline deals and one naphtha trade.

PRICES

CASH ASIA CLOSE Change Prev Close RIC

OSN Naphtha CFR Japan M1 630.00 -5.50 635.50

($/mt)

OSN Naphtha CFR Japan M2 628.00 -5.50 633.50

($/mt)

OSN Naphtha Diff ($/mt) 2.00 0.00 2.00 <NAF-TYO-DIF

>

Naphtha Netback FOB Sing 68.00 -0.56 68.56

($/bbl)

Naphtha Diff FOB Sing 0.40 0.00 0.40 <NAF-SIN-DIF

>

Naphtha-Brent Crack 82.73 -2.72 85.45 <NAF-SIN-CRK

($/mt) >

Gasoline 97 ($/bbl) 84.94 -0.50 85.44

Gasoline 95 ($/bbl) 85.60 -0.50 86.10

Gasoline 92 ($/bbl) 79.90 -0.50 80.40

Gasoline crack ($/bbl) 6.93 -0.13 7.06 <GL92-SIN-CR

K>

For a list of derivatives prices, including margins, please double click the

RICs below.

Brent M1

Naphtha CFR Japan M1 <NACFRJPSWMc1

>

Naphtha CFR Japan M1/M2 <NACFRJPSDMc1

>

Naphtha CFR Japan M2 <NACFRJPSWMc2

>

Naphtha Japan-Sing <NAPTC4SPDMc1

Netback M1 >

Naphtha Japan-Sing <NAPTC4SPDMc2

Netback M2 >

Naphtha FOB Sing M1 <NAFOBSGSWMc1

>

Naphtha FOB Sing M1/M2 <NAFOBSGSDMc1

>

Naphtha FOB Sing M2 <NAFOBSGSWMc2

>

Naphtha Cracks M1 <NACFRJPCKMc1

>

East-West Naphtha M1

East-West Naphtha M2

NWE Naphtha M1

NWE Naphtha M1/M2 <NAPCNWEASMc1

>

NWE Naphtha M2

Crack NWE Naphtha-Brent <NAPCNWEACMc1

M1 >

Crack NWE Naphtha-Brent <NAPCNWEACMc2

M2 >

*Sing refers to

Singapore

(Reporting by Haridas; Editing by Janane Venkatraman)

((Haridas.X@thomsonreuters.com;))