Skip to content
Subscriber Only
Business
Economics

Oil Falls to Lowest Level This Month Before Inventory Report

Oil fell to the lowest level this month before a government report that may show U.S. refineries operated at their lowest rate in five months, signaling less demand for crude to process into fuels.

Refineries ran at 86.8 percent of capacity last week, according to the median estimate of 17 analysts in a Bloomberg News survey. Petroleum supplies in the U.S., the world’s largest oil consumer, are near the highest level in 20 years. The Energy Department will release last week’s data at 10:30 a.m. tomorrow in Washington.