(Bloomberg) -- Crude oil was little changed in New
York after reaching an 11-month high yesterday on speculation
increased refinery demand may trim U.S. oil stockpiles.
An Energy Department report tomorrow will probably show
inventories fell a second week as refiners raised operating rates
to 90.4 percent last week, according to a Bloomberg News survey
of 15 analysts. Hedge-fund managers and other speculators last
week increased the number of bets on rising oil prices to the
highest in at least 13 years.
Read more at Bloomberg Energy News
York after reaching an 11-month high yesterday on speculation
increased refinery demand may trim U.S. oil stockpiles.
An Energy Department report tomorrow will probably show
inventories fell a second week as refiners raised operating rates
to 90.4 percent last week, according to a Bloomberg News survey
of 15 analysts. Hedge-fund managers and other speculators last
week increased the number of bets on rising oil prices to the
highest in at least 13 years.
Read more at Bloomberg Energy News
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