New York-NYMEX March crude futures January 30 settled 78 cents lower at $98.78/b, while RBOB futures plunged on talk that ConocoPhillips' has begun a restart of its 238,000 b/d Bayway refinery in Linden, New Jersey, after an FCC upset late last week. February RBOB settled down 5.61 cents at $2.8707/gal after falling more than 7 cents to a $2.85/gal session low. Febru- ary heating oil settled 1.86 cents lower at $3.0518/gal. ICE March Brent settled 71 cents lower at $110.75/b.
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