U.S. ethanol stocks climbed higher last week while production declined, reflecting the slow demand as COVID-19 continues to restrict travel.
The U.S. Energy Information Administration says the domestic supply was at 23.504 million barrels, the largest since mid-May, up 335,000 on the week and 2.47 million on the year.
Production averaged 934,000 barrels a day, falling 41,000 from the previous week and 132,000 barrels below a year ago, partially due to a slowdown for the holidays, but also that reduced demand because of less travel.
