It was an active news day, yesterday, both real imagined. Hess announced that was it closing its Reading refinery and exiting the refined product terminal business to focus on exploration and production, and it caused a sizeable rally in RBOB (gasoline) futures. Crude fluctuated on the report, dropping as yet another source of demand went away, and then rallying back on global factors that have kept it in rally mode since mid-December.
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