Lower US oil refiner output not manipulation -IEA

Newswire

WASHINGTON, June 21 (Reuters) - U.S. oil refiners operating at lower capacity does not indicate manipulation of crude and oil product prices, despite the Federal Trade Commission's newly launched investigation into the matter, a official with the International Energy Agency said on Tuesday. The FTC said on Monday it would investigate, in part, whether U.S. refiners operating at about 82 percent of capacity in May, down around 7 percentage points from a year earlier, was an attempt to limit ...

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