Caltex Australia Ltd. (CTX.AU) said Tuesday its realized refiner margin for the month of November fell to US$5.59 a barrel from US$6.64, as margins were squeezed by several regional refineries returning to service and U.S. refiners exported more product to Asia.

A rising Brent oil price and weaker Australian dollar also impacted margins.

Caltex last week tipped an up to 40% drop in its annual replacement cost of sales operating profit and said a review of its underperforming refining business is ongoing.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

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