Oil explosion in Quebec train crash "abnormal," World Fuel shares sink

|About: World Fuel Services Corpora... (INT)|By:, SA News Editor

Canadian investigators say the violent explosions in last month's Quebec train derailment would be an "abnormal" reaction for crude oil, so the probe into the disaster likely will continue for months.

Doubts are raised about the nature of the petroleum cargo on the runaway train, which was listed as hauling 50K barrels of crude oil.

The Quebec government has ordered the privately owned railway and fuel transport provider World Fuel Services (INT -5.9%) to finance the cleanup; INT has questioned the legality of the order.

INT shares had opened higher, as Q2 earnings and revenues beat estimates.