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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Pump prices are surging in the Midwest region after the shutdown of the US’ largest inland refinery, according to Bloomberg.
- Retail gasoline in Illinois has risen 28 cents on the month, following the shutting of BP’s Whiting refinery in Indiana following a power loss, according to AAA data.
- Diesel is also up by 22 cents to around $4/gal.
- Prices are set to climb higher still as wholesale gasoline premiums in Chicago rallied Feb. 22 a near three-month high.
- Ample fuel supplies in the region had previously capped the price impact due to Whiting’s outage, but the fall in gasoline inventories during the past two weeks has further constrained supply.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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