Diesel futures rose to the highest this month on speculation that below-normal inventories of distillates along the U.S. East Coast will decline further amid winter storms.
The following is a selection of the most important news affecting the oil market.
Exxon Mobil Corp.’s refinery in Baton Rouge, Louisiana, will shut a hydrocracker next week for about two weeks of planned work, two people familiar with operations said.
In East Baton Rouge Parish, Louisiana, middle-class and wealthy neighborhoods want an educational divorce from a neighboring community where four out of 10 families live in poverty.
Arizona’s La Paz County, whose residents earn about 20 percent less than the state average, is generating cash by lending its name as the issuer of municipal bonds for a Louisiana prison operator.
Google Inc.’s Motorola Mobility unit is seeking a patent on a technology that would help drivers pass information about road hazards to drivers behind them.
A wave of arctic cold froze the U.S. Midwest as a wintry storm coated the South with ice and snow and contributed to almost 3,000 flight cancellations.
Johnson & Johnson persuaded a Louisiana appeals court to throw out a $257.7 million verdict holding the drugmaker liable for deceptively marketing the anti- psychotic medicine Risperdal to doctors across the state.