Oil Is Little Changed at 9-Month High on Reduced U.S. Refinery Production

(Bloomberg) -- Crude oil was little changed at a
nine-month high in New York on concern U.S. refiners are not
producing enough fuel for summer, when gasoline demand peaks.

A government report this week will probably show that U.S.
refineries operated at 88.2 percent of capacity, up 0.6
percentage point from the week before, according to a Bloomberg
News survey of analysts. Refineries operated at their lowest rate
for the period in more than 17 years in the week ended June 15.


Read more at Bloomberg Energy News