Oil mixed as storm hits more US refineries – Australia News

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US petrol futures have jumped four per cent while crude prices are mixed after a hurricane shut down 16 per cent of the country’s refining capacity, curbing fuel production and further bloating crude inventories.

At least 3 million bpd of refining capacity is offline, or more than 16 per cent of total US capacity, based on company reports and Reuters estimates. The Gulf is home to nearly half of US refining capacity.

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