What's moving the oil markets?
The US Government offered loans
from their Strategic Petroleum Reserve on Wednesday, with up to 8 refiners
stating an interest. "Opening the SPR tap is more of a notional gesture from the
US Government. The refiners are only going to take it if the pipelines to the
midwest from the Gulf remain shut," one derivatives trader said.
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http://www.platts.com/Oil/Resources/Whats%20Moving%20the%20Market/