(Bloomberg) -- Crude oil rose to a nine-month high
in New York on concern that U.S. refineries are failing to keep
up with growing gasoline demand, and after 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 Commodities News
in New York on concern that U.S. refineries are failing to keep
up with growing gasoline demand, and after 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 Commodities News
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