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MPLX planned to restart its 360,000 bpd Ozark crude pipeline from Cushing, Oklahoma to Wood River, Illinois on May 30 after an outage. Traders linked the shutdown to regional flooding.
Cushing spreads and cash rolls strengthened on the restart news.
The restart eases a Cushing supply disruption that had weighed on WTI spreads and cash prices. Flood-related logistics problems in the US Midwest also affect regional energy and transport costs.
yahoo.comDevika Krishna KumarMay 29, 2019After 11 past neutral logistics events, Crude Oil (WTI) moved a median +3.8% over 5 sessions (73% higher; middle half -0.4% to +6.6%), and +6.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
