(Bloomberg) -- Crude oil traded near a nine-month
high in New York after a drop in U.S. refining raised concern
that fuel supplies may remain below average.
Maintenance at refineries last week cut processing rates to
a six-week low, prompting oil companies to produce less diesel
and heating oil in an effort to boost gasoline stockpiles. Oil
also rose after Iran, the second-largest producer in the
Organization of Petroleum Exporting Countries, rejected United
Nations demands to suspend its uranium enrichment.
Read more at Bloomberg Energy News
high in New York after a drop in U.S. refining raised concern
that fuel supplies may remain below average.
Maintenance at refineries last week cut processing rates to
a six-week low, prompting oil companies to produce less diesel
and heating oil in an effort to boost gasoline stockpiles. Oil
also rose after Iran, the second-largest producer in the
Organization of Petroleum Exporting Countries, rejected United
Nations demands to suspend its uranium enrichment.
Read more at Bloomberg Energy News
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