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Disruption in Oil Facilities Lifted Energy Prices

Energy prices recovered after declining over the past 2 days, partly as the broad-based market sentiment flourished and partly driven by abrupt shutdown of some refinery facilities. Gains were led by gasoline prices with the RBOB gasoline contract soaring +5.05% after the 2-day drop. Heating oil also rose +4.5%, more than recovering the -4% decline over the past 2 days.

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Disruption in Oil Facilities Lifted Energy Prices

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