So is the Venezuelan oil fire out or not? Venezuela’s energy minister insists the inferno...

|By:, SA News Editor

So is the Venezuelan oil fire out or not? Venezuela’s energy minister insists the inferno that has halted operations at its largest refinery is “totally extinguished," but a recent live broadcast by Venezuelan TV - which was swiftly cut off - showed flames and black smoke in at least one of the fuel storage tanks. Valero (VLO +1%) is the leading gainer among refiners; also XOM +0.3%, CVX +0.5%.