Ethanol production rebounds to near record levels

In Washington, Dow Jones reports Energy Information Administration data shows ethanol production has rebounded to near record production to an average of 1.09 million barrels per day last week. Production has fallen back to 1.035 million barrels the week prior while analysts expected production for the week ending December 3 to remain around similar levels of between 1.025 million barrels and 1.06 million barrels. Stocks rose in line in higher production to 20.46 million barrels.