Higher U.S. fuel export bolsters refiners and traders

07/19/2013 | Reuters

A boom in the export of U.S. gasoline, diesel and other fuel has refiners and traders scrambling to reserve freighters to carry product from the Gulf Coast to Africa, Argentina and Asia. Soaring demand has driven the price of U.S. crude oil to its highest level in 16 months, and shipping rates have skyrocketed.

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