An explosion hit Valero Port Arthur refinery in Texas, triggering a fire at a diesel hydrotreating unit and halting part of its 435,000 bpd capacity.

An explosion hit Valero Port Arthur refinery in Texas, triggering a fire at a diesel hydrotreating unit and halting part of its 435,000 bpd capacity. Oil prices climbed 3-4%, with Brent moving above $100 per barrel.