Chevron California Refinery Fire Contained; Could Hit Markets


Chevron Corp's (NYSE:CVX) 245,000-barrels-per-day Richmond, California refinery could be shut for up to three months following a fire at the plant's crude unit, trade sources said on Tuesday.

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Los Angeles spot market gasoline prices jumped 24.5 cents in early Tuesday trade on news of the fire, which broke out late on Monday.