Prices soar on crude and refinery output cuts

摘要

A series of light sweet crude output disruptions and refinery shutdowns lifted prices.Atlantic basin benchmark dated BFO was up by S4.67/bl over the week to 69.29/bl on 17 May, while US marker WTI was 3.15/bl stronger at 64.91/bl. Refining margins for clean products flirted with post-Katrina highs as US refineries struggled to match demand.