Ethanol production in the U.S. increased to a three-month high of 919,000 barrels a day last week, the Energy Department said in a report today.
Output rose for a fourth consecutive week to the highest level since Feb. 17, according to the report. Stockpiles climbed 3.7 percent to 21.4 million barrels, the most since April 27 and the biggest weekly gain since Jan. 27.
Production of conventional gasoline blended with ethanol fell 0.6 percent to 5.39 million barrels a day.
Denatured ethanol for June delivery rose 0.4 cent, or 0.2 percent, to $2.135 a gallon at 10:46 a.m. New York time on the Chicago Board of Trade.
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