(Corrects name of company in first paragraph.)
Marathon Petroleum Corp. (MPC:US) will borrow 1 million barrels of sweet crude oil from the U.S. Strategic Petroleum Reserve to resolve short-term supply impacts from Hurricane Isaac, the Energy Department said.
The loan, which is distinct from a release from the strategic inventories, will be provided in response to a request from Marathon under short-term contractual agreements, the agency said today in a statement.
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