New York—The oil complex turned a corner during mid-afternoon US trade Thursday, with NYMEX October crude settling 51 cents higher at $93.96/b. ICE October Brent settled up 35 cents at $102.63/b. In products, NYMEX September RBOB rallied 3.49 cents to settle at $2.7475/gal. September ULSD rose 1.17 cents to finish at $2.8375/gal. “I’ve heard that cash markets are strong in gasoline,” Oil Outlooks President Carl Larry said. “I think that the economic numbers have looked good, and it seems that the market is still struggling with refinery issues and the looming refinery maintenance.”
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