A Tulsa television's station's erroneous report about a fire at the Wynnewood refinery in south central Oklahoma caused a brief spike in oil prices today, according to wire reports.
Reuters reported that "oil prices jumped briefly on Wednesday after a television station in Tulsa, Oklahoma -- the No. 62 U.S. media market -- posted an erroneous story about a refinery fire on its Web site."
According to the wire service, KOTV Channel 6 reported this morning that a lightning strike had caused a fire at the Oklahoma refinery. The report, Reuters said, sparked "a flurry of excitement among energy traders and boosting U.S. crude prices 40 cents."
Only one tiny problem: There was no fire at the refinery today. The station has corrected the story.