International Courant
The Phillips 66 Carson refinery is proven after the corporate stated it should shut its main oil refinery within the Los Angeles space late subsequent yr, dealing a blow to California’s gasoline provide, in Carson, California, US, on October 17 2024.
Mike Blake | Reuters
U.S. crude futures rose additional on Tuesday after rising practically 2% within the earlier session.
Oil costs have recovered considerably after final week’s sharp promoting. Merchants more and more view a provide disruption within the Center East as a result of tensions between Israel and Iran as unlikely.
Weak demand in China has additionally weighed on costs just lately. Beijing cuts key rates of interest on Monday, offering some help to the futures market.
These are Tuesday’s power costs:
West Texas common November contract: $71.22 per barrel, up 66 cents or 0.94%. To date, US crude is down barely.Brent December contract: $74.85 a barrel, up 56 cents, or 0.75%. 12 months to this point, the worldwide benchmark is down nearly 3%.RBOB gasoline November contract: $2.0342 per gallon, up 0.97%. To date, gasoline costs are down about 3%.Pure gasoline November contract: $2.318 per thousand cubic ft, up 0.26%. To date, the gasoline value has fallen by nearly 8%.
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