(Bloomberg) -- Crude oil jumped above $70 a barrel
to a nine-month high in New York on speculation that U.S.
inventories will slip as refineries increase output of gasoline
and other fuels.
Refineries operated at 89.4 percent of capacity last week, a
1.8 percentage point gain from the week before, an Energy
Department report yesterday showed. Plants are increasing
utilization to met demand for gasoline, which peaks during the
summer months. Gasoline, diesel and heating-oil supplies fell
last week, the report showed.
Read more at Bloomberg Energy News
to a nine-month high in New York on speculation that U.S.
inventories will slip as refineries increase output of gasoline
and other fuels.
Refineries operated at 89.4 percent of capacity last week, a
1.8 percentage point gain from the week before, an Energy
Department report yesterday showed. Plants are increasing
utilization to met demand for gasoline, which peaks during the
summer months. Gasoline, diesel and heating-oil supplies fell
last week, the report showed.
Read more at Bloomberg Energy News
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