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发表于 2011-11-16 08:02 PM
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Valero [VLO 22.56 -2.32 (-9.32%) ] landed on the trader radar with share dropping sharply on Wednesday.
A large part of the decline was tethered to a decision from Enbridge, which turned around a pipeline, enabling it to transport oil from the landlocked oil storage hub of Cushing, Okla., to the U.S. Gulf Coast.
That’s negative for Valero as well as other refiners located in the Midwest because they had been able to sell WTI products at Brent prices.
"This will inevitably put refiners in a squeeze," said Sander Cohan, analyst at energy consulting company ESAI Inc.
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