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Westinghouse Bankruptcy Puts Fate Of Four U.S. Nuclear Reactors In Limbo

Westinghouse Bankruptcy Puts Fate Of Four U.S. Nuclear Reactors In Limbo

When the Westinghouse Electric filed for Chapter 11 bankruptcy protection on Wednesday morning, few were surprised as the outcome was the only one which allowed the company's troubled, and near-insolvent Japanese parent, Toshiba, to continue operating, even if it meant the bankruptcy of the iconic company. Westinghouse was one of the originators of the nuclear age, building the world’s first commercial nuclear reactor 60 years ago. Its pressurized water reactor design is in 430 power plants and accounts for 10% of electricity generated in the world.

WTI/RBOB Spike On Inventories Data, Despite Production Surge To 14 Month Highs

WTI/RBOB Spike On Inventories Data, Despite Production Surge To 14 Month Highs

WTI and RBOB prices have drifted higher after modest weakness following API's inventory data overnight and then spiked after DOE reported a smaller than expected crude build, and bigger than expected gasoline and distillate draws. Following the lage rig count data, US crude production rose once again to its highest since Feb 2016.

 

API

  • Crude +1.91mm (+2mm exp)
  • Cushing -576k
  • Gasoline -1.104mm (-2mm exp)
  • Distillates -2.035mm

DOE

Capitol Police Open Fire On Truck Driver Who Tried Running Over Police Officers; Driver In Custody

Shots were fired this morning near the U.S. Capitol in Washington, D.C. According to ABC, Capitol Police responded to the area at Washington Ave and Independence Ave, which is located near the U.S. Botanic Garden and the Rayburn House office building.

The suspect struck a Capitol Police cruiser and then tried running over several officers who were on foot, according to Metro DC Police. At one point Capitol Police fired shots, but no one was hit. The suspect was apprehended at 3rd and Independence Ave, and has been taken into custody.

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