WTI recovers toward $74 on reports of explosion at Canada's biggest refinery

Credit: FXstreet.com- Published on October 8, 2018
· *News outlets report a fire and large explosion at Saint John oil refinery.*
· *Qatar's Energy Minister argues that **oil** market is balanced in terms of supply and demand.*
· *Tropical Storm Michael approaches **Gulf** of Mexico.*

After pulling away from 4-year highs in the second half of the previous week, the barrel...

Credit: Storyful Studio
Published on October 8, 2018 -  00:39
Explosion and Fire Reported at New Brunswick Oil Refinery
An explosion and a fire were reported at an oil refinery in Saint John, New Brunswick, Canada, on October 8. Irving Oil, the company that owns the facility, confirmed that a “major incident” had occurred and said it was assessing the situation.Saint John Police said they were responding to an incident at the refinery and “asked people”https://twitter.com/saintjohnpolice/status/1049303451446833153 to avoid the area. Several streets were closed to traffic. Credit: @SaintJohnRT via Storyful

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