(Bloomberg) -- Crude oil rose, approaching an 11-
month high in New York, on speculation that a government report
today will show that U.S. stockpiles fell for a second week as
refineries bolstered operating rates.
Inventories dropped 500,000 barrels last week, according to
the median of 18 responses in a Bloomberg News survey.
Refineries operated at 90.4 percent of capacity, up 0.2
percentage point from the week before, the survey showed.
Supplies of gasoline probably increased for a third week.
Read more at Bloomberg Energy News
month high in New York, on speculation that a government report
today will show that U.S. stockpiles fell for a second week as
refineries bolstered operating rates.
Inventories dropped 500,000 barrels last week, according to
the median of 18 responses in a Bloomberg News survey.
Refineries operated at 90.4 percent of capacity, up 0.2
percentage point from the week before, the survey showed.
Supplies of gasoline probably increased for a third week.
Read more at Bloomberg Energy News
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