Energy OverView August 27, 2014

Oil prices are higher ahead of the weekly inventory out later this morning. Last night, the API report gave the market some support, after it showed another overall decline in US crude oil inventories. The market also got a good old fashioned fundamental boost from a reported outage at ExxonMobil’s Baytown refinery, where the FCC unit, which is key element in gasoline production, apparently malfunctioned.

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