Refinery fire causes further WTI fall

Source: Bloomberg
© Scanpix/AFP
As a refinery fire decreased demand the West Texas Intermediate fell to its lowest point in six months. The Coffeyville refinery could be shut down for as long as four weeks with the downward pressure on the prices continuing. Furthermore, this added to the largest fall in more than two years for the WTI as it fell 6.8% in July.
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