Oil prices snapped back, yesterday, garnering continued strength from refinery snags and low distillate fuel inventories in the US and Europe, as we head into the peak fuel period. The latest refinery issue was reported out of Port Arthur, Texas, where Motiva’s 88k bpd gasoline cracker was reported down for maintenance. Over the past several session we have recounted two worker deaths in two separate refinery incidents that have put the focus on refining operations. The surge in refined product in the US has also got the attention of the market…
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