US Midwest refining margins largely rebounded this week amid a surge in regional gasoline prices, after a cold snap cut production at some area refineries. Cracking margins for West Texas Intermediate were around $18.37/b Wednesday, up from just $12.86/b Friday. West Texas Sour cracking margins rose to $18.54/b Wednesday, up from $12.76/b. Coking margins for both crudes showed a similar increase. Article continues below… Request a free trial of: Oilgram News Oilgram News Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly API statistics, and much more Request a trial to Oilgram News Request More Information Platts’ margin calculations reflect the difference between a crude’s netback and its spot price. Netbacks are based on […]