Skip to content
Subscriber Only

Refiners May Cut Oil Processing as Margins Fall: Energy Markets

U.S. refiners probably cut back on crude-oil processing last week as profit margins sank to the lowest level in five months, a Bloomberg News survey showed.

Refineries probably ran at 90.7 percent of nationwide capacity, down 0.5 percentage point from the prior week, the median of 17 analyst estimates showed before a government report tomorrow. The margin for refining oil into the motor fuel, based on New York futures prices, fell to $7.505 a barrel yesterday, the lowest level since Feb. 17.