Firm US products prices in the week to 15 January stymied exports from the Gulf coast, while tighter Covid-19 restrictions stunted import demand. Gulf coast gasoline prices peaked at their highest since late February, while refnery?utilisation?in?the?region?reached?its?frmest?in?nearly?fve?months?at?83pc in the week to 8 January, EIA data show. Gulf coast margins, calculated against WTI?Houston?crude,?topped?$10/bl?for?the?frst?time?since?the?end?of?March?last year, putting them above where they were a year ago.
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