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US Cash Products-ULSD up in Gulf; holds gain in Harbor

Wed Apr 30, 2008 10:55pm IST
 
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NEW YORK, April 30 (Reuters) - Ultra-low sulfur diesel in the U.S. Gulf Coast market jumped up Wednesday on scheduling on the Colonial Pipeline, traders said.

Meanwhile, ultra-low sulfur diesel in the New York Harbor held a strong gain from late Tuesday as export interest and lack of many sellers continued to drive up values for the fuel this week.

In refinery news, Motiva said on Wednesday that a hydrocracker at its Convent, Louisiana refinery was restarted last week.[ID:nN30512243] A one-month hydrocracker maintenance for the company's Norco, Louisiana refinery is planned for the end of May.[ID:nN30513027]

Total announced that it had shut several processing units for a turnaround at its 285,000 barrel per day Port Arthur refinery. [ID:nSP302141] For more refinery news click [REF/US]

U.S. crude oil futures fell sharply, weighing down oil products futures, after government data showed crude oil supplies in the United States rose more than expected last week. [O/N] [O/R]

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

Scheduling cycle 26 61-grade ultra-low sulfur diesel traded at 13.25 cents over the June heating oil board, up about a penny from late Tuesday values, with earlier trades up to 14 cents over.

Same cycle 74-grade traded at 8.50 cents over futures.

Heating oil was pegged at 5 cents under the board.  Continued...

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