Crude prices rebound with supply disruptions

Prices for crude and petroleum products rebounded May 18, wiping out recent losses in many cases, on news of a refinery explosion in Pennsylvania and attacks on oil facilities in Nigeria.

Sonoco Inc. on May 18 extinguished a fire at its 175,000 b/d refinery at Marcus Hook, Pa., following a May 17 explosion. Authorities are assessing the damage and investigating the cause of the explosion. The company has not said how much production may be disrupted or for how long.
OGJ