Motiva restarts large coker at Port Arthur, Texas refinery
Motiva's restart of a large coker at the Port Arthur refinery could enhance crude processing capacity and potentially increase supply in the U.S.
CRUDE WRAP: WTI (H6) SETTLES USD 0.82 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 0.83 HIGHER AT USD 68.40/BBL
Fed Chair Powell (post-meeting statement) says US economy is on a firm footing
Motiva restarts large coker at Port Arthur, Texas refinery
WATCH: Fed Chair Powell to give his post-meeting press conference at 14:30ET/19:30GMT
SNAP ANALYSIS: Fed leaves rates unchanged, as expected; offers little clues on future policy path
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market. This development may have implications for crude prices, especially if it helps to alleviate current tightness in supply or impacts refining margins. Traders should watch how this affects broader market dynamics and oil-related assets.
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