Ethanol production in the U.S. sank the most in eight weeks to 865,000 barrels a day last week, according to the Energy Department.
Output sank 2.1 percent, the most since Feb. 24, to the lowest level since Oct. 7, the department said in a report released in Washington today. Stockpiles decreased 0.5 percent to 21.9 million barrels, the report showed.
Production of conventional gasoline blended with ethanol tumbled 5.4 percent to 5.11 million barrels a day, the department said, the lowest amount since March 2.
Denatured ethanol for May delivery climbed 1.9 cents, or 0.9 percent, to $2.185 a gallon at 10:35 a.m. New York time on the Chicago Board of Trade.
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