Ethanol strengthened against gasoline for the first time in four days as the summer driving season neared while production costs rose.
U.S. Midwest gasoline weakened from the highest level on record on speculation that shipments being sent to the region will help to relieve a shortage.
Oils produced on the U.S. Gulf Coast gained against domestic benchmark West Texas Intermediate as refiners increased runs before the summer driving season.
Rates for the largest oil tankers on the benchmark route fell for a third day on speculation too many ships competing for cargoes outweighed increased bookings.
Shipments of diesel to Europe from the U.S. Gulf Coast are poised to decline over the next two weeks, a Bloomberg News survey showed.
President Barack Obama attempts to regain his political footing with a trip to Baltimore today to promote jobs and education after a calamitous week that pulled attention away from his second-term agenda.
Crudes from the Gulf of Mexico strengthened on the spot market as crack spreads reached the highest level in more than three weeks, prompting refiners to process more oil.
Maintenance on the Transco natural- gas pipeline in northern New Jersey won’t interrupt customer deliveries, Christopher Stockton, a Houston-based spokesman for Williams Cos., said in an e-mail.
Gasoline on the U.S. Gulf Coast weakened against futures for a second day after Colonial Pipeline Co. shut a segment of a line linking the region’s refineries to the Northeastern market.
Canadian heavy oil prices weakened in light trading on the spot market on the last day of index trading for June deliveries.
Feinberg Says Everyone `More Careful’ After Spill