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Hart Energy Commodities Report Feb. 6

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Kristie Sotolongo
February 7, 2014

Crude Futures Extend Previous GainsNYMEX-traded crude oil futures settled higher Thursday for a third straight day, but only after relinquishing nearly half of their gains on news that U.S. refiners were moving into their maintenance season. Citgo Petroleum Corp. initiated a shutdown at its Corpus Christi, Texas, refinery for planned maintenance that is expected to last about 35 days. West Texas Intermediate (WTI) for March delivery tumbled nearly 60¢ on the news. During a scheduled turnaround, a refiner typically buys little or no crude, so an oversupply could potentially result. ...

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