Refiners Cut Oil Output to April Low in Survey: Energy Markets
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U.S. refiners probably cut crude- processing rates to the lowest level since April as they began seasonal maintenance, a Bloomberg News survey showed.
Refineries operated at 86.5 percent of capacity last week, down 0.5 percentage point from a week earlier, according to the median of 14 analyst estimates in the survey. The Energy Department is scheduled to release its weekly supply report at 11 a.m. today in Washington, a day later than usual because of the Labor Day holiday on Sept. 6.