Crude and refined product futures rose across the board midday Thursday, led by notable gains in RBOB gasoline contracts, thanks to strong investor appetite for riskier assets like equities and.
BP on Friday said power supply has been restored at its 440,000 b/d refinery in Whiting, Ind., and operations have been stabilized. Market sources, however, said it will likely be days before.
A Wednesday night fire that broke out at Marathon Petroleum Corp.'s 625,000 b/d Galveston Bay, Texas, refinery has been extinguished, according to a company.