US Cash Products-Group diesel up on harvest demand

NEW YORK, Nov 10 (Reuters) - Ultra-low sulfur diesel in Group Three hub rose on Monday on lingering agricultural harvest demand while distillates in the New York Harbor were steady to higher, traders said.

"While it (demand) has kept the diesel basis propped up I don't think it will be strong enough to create a squeeze and price spike," one Midwestern trader said.

ULSD diesel offers edged up in NY Harbor while heating oil values remained steady despite forecasts for colder weather in the Northeast next week.

"It's supposed to stay cool to Wednesday, Thursday is normal, warm weekend but then back to below normal next week," said a New York Harbor trader who seconded views from other traders that heating fuel demand was likely to pick up soon.

In refinery news, Valero said on Monday its 275,000 barrel per day refinery in Aruba was back at planned rates after it lost power due to Hurricane Omar in mid-October.

Western Refining said it starts Wednesday or Thursday a partial planned 28-day turnaround at its 125,000 bpd refinery in El Paso, Texas. Canada's Irving Oil Ltd has started a four-week maintenance turnaround at its 300,000 bpd refinery in Saint John, New Brunswick, the company said. [ID:nN10462045]

U.S. crude futures rose on Monday, partly on news Saudi Arabia was cutting supplies as expected after OPEC's decision to reduce output to bolster falling prices. Heating oil futures also rose sharply amid the forecasts for cooler temperatures soon in the U.S. Northeast. [O/N]

For a list of refinery outages/restarts, click [REF/US]

U.S. GULF COAST <0#P-USG>