Gasoline Reverses Drop on Hess Port Reading Power Loss
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Gasoline rose, reversing a decline near the close of floor trading after Hess Corp. said its Port Reading, New Jersey, refinery lost power yesterday.
Futures rebounded as Hess said the 70,000-barrel-a-day refinery was shut, just a week after returning to full production for the first time since Hurricane Sandy. Prices slipped 1.8 percent earlier after the Energy Department reported that gasoline stockpiles rose the most in four months last week.