NEWS
Fri Dec 28, 2012 11:24 AM CST

NEW YORK (DTN) -- Domestic ethanol inventories were drawn down last week despite an increase in production, with the latest stock draw coming after three consecutive weeks of supply builds that pushed inventory up to a six-month high, the U.S. Energy Information Administration reported.

EIA detailed a 523,000 barrels (bbl) draw, or 2.5%, to 20.315 million bbl for the week-ended Dec. 21 while up 14.9% from a year-ago level. Despite the draw, total inventories remain 1.974 million bbl higher than on Nov. 30.

The stock draw came despite domestic production of ethanol increasing 13,000 barrels per day (bpd), or 1.6%, ...

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