Crude oil prices roared within $1 bbl of 2009 highs last week. Gains were attributable to an increased appetite for risk among those in futures and options' markets. There was no evidence of any new hunger for motor fuel, diesel, or other products.rnGasoline continues to ride higher on the back of refinery cutbacks. West Coast runs are about 70% of capacity, or lower than they've been in two decades or more. Prices there moved up to $2.25/gal, so the lower runs are working out for refiners. Other U.S. markets aren't necessarily tight, but spot prices are as high as they've been since mid-June.
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