(Bloomberg) -- Crude oil jumped above $70 a barrel
to a nine-month high in New York on signs U.S. supplies 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. West Texas Intermediate crude
oil, or WTI, the grade traded in New York, was at the lowest
discount to Brent oil in more than three months today.
Read more at Bloomberg Energy News
to a nine-month high in New York on signs U.S. supplies 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. West Texas Intermediate crude
oil, or WTI, the grade traded in New York, was at the lowest
discount to Brent oil in more than three months today.
Read more at Bloomberg Energy News
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