OCt 3 (Lagos) - Crude oil futures ticked higher after a large fire broke out at the El-Segundo crude oil refinery in Los Angeles, California. The Chevron refinery supplies up to 20% of petrol consumption in South California market.
There was no update from Chevron yet as to the scale of damage at the refinery.
Brent oil futures were trading at $64.74 per barrel and WTI crude oil futures were trading at $61.16 per barrel at the time of writing this article.