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Market Update Archive: 
Spared Refineries
Sep 25, 4:42 PM ET
Sixteen refineries and off-shore patforms in the Gulf of Mexico appear to have been spared. Oil drops more than 3% in a rare Sunday trading.
Refineries in Texas have been spared the feared heavy damage but it may take weeks or even a month to bring oil production, refining, and pipeline infrastructure back to normal. Eight ports in the region transporting more than 55% of farm exports may take couple weeks to restart. Lack of electric and man power may slow recovery.
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