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Crude Oil, Gasoline, Heating Oil Firm As Pipeline Attack Sparks Supply Concerns

OIL

The aforementioned cyberattack on a U.S. pipeline network supplying the East Coast in fuel has spilled over into commodity markets. The lack of any clear timetable re: restarting the critical infrastructure has added to existing concerns.

  • WTI last +$0.50 at $65.40, after adding nearly $0.70 at the open.
  • Gasoline last +$3.09 at $215.78, after reopening $7.81 better off & printing fresh cycle highs.
  • Heating oil last +$2.43 at $203.49, off a new cycle high printed earlier, as it reopened almost $5.00 better off.

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