People are wondering what the impacts of Ike are, well some producing capacity was shut in temorarily, however a larger impact is that a number of refineries turned down. Most made it through ok sans a few with no power and a smaller few that are a little underwater. Most will come back in the next several days but no refineries means no demand for crude which means WTI goes down and oil products goes up. A unique market scenario as everyone always sees a positive relationship of WTI to gasoline ... which is true most of the time.
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