U.S. crude inventories fall unexpectedly
Posted on 08 December 2009 by admin
U.S. crude inventories fell unexpectedly last week as refiners boosted production of fuels, the American Petroleum Institute said in a weekly report released on Tuesday.
Commercial crude oil stockpiles fell 5.8 million barrels in the week ending Dec. 4, the trade group said. Analysts had called for a 600,000-barrel build.
Refinery utilization rose 1.3 percentage points to 81.4 percent of capacity in the week to Dec 4.
Weekly crude runs were up 105,000 barrels per day…
