(Bloomberg) -- Crude oil rose above $67 a barrel in
New York and gasoline jumped after a government report showed
that U.S. refineries unexpectedly cut operating rates and Iran
said it isn't willing to suspend its nuclear program.
Refineries operated at 89.2 percent of capacity last week,
the lowest since May 4 and the lowest utilization rate in 15
years for the second week in June, an Energy Department report
showed yesterday. Iran, the Middle East's second-largest producer
of crude oil, said its nuclear research is advancing. The U.S.
and its allies accuse Iran of developing nuclear weapons.
Read more at Bloomberg Energy News
New York and gasoline jumped after a government report showed
that U.S. refineries unexpectedly cut operating rates and Iran
said it isn't willing to suspend its nuclear program.
Refineries operated at 89.2 percent of capacity last week,
the lowest since May 4 and the lowest utilization rate in 15
years for the second week in June, an Energy Department report
showed yesterday. Iran, the Middle East's second-largest producer
of crude oil, said its nuclear research is advancing. The U.S.
and its allies accuse Iran of developing nuclear weapons.
Read more at Bloomberg Energy News
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