(Bloomberg) -- Crude oil fell for a third day on
speculation that U.S. refineries are increasing their fuel
production and a signal that OPEC might be willing to pump more.
A report tomorrow may show refineries operated at 91.6
percent of capacity, a 10-month high, according to a Bloomberg
News survey. OPEC will raise output if required, an official of
Iran's Oil Ministry said. Hedge-fund managers and other large
speculators cut long positions, bets that prices would rise, last
week, according to the U.S. Commodity Futures Trading Commission.
Read more at Bloomberg Energy News
speculation that U.S. refineries are increasing their fuel
production and a signal that OPEC might be willing to pump more.
A report tomorrow may show refineries operated at 91.6
percent of capacity, a 10-month high, according to a Bloomberg
News survey. OPEC will raise output if required, an official of
Iran's Oil Ministry said. Hedge-fund managers and other large
speculators cut long positions, bets that prices would rise, last
week, according to the U.S. Commodity Futures Trading Commission.
Read more at Bloomberg Energy News
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