U.S. REFINERY COPPER STOCKS FALL IN JANUARY Refined copper stocks held by U.S. refineries fell to 109,200 short tons at the end of January from 145,400 short tons at the end of December, the American Bureau of Metal Statistics reported. Commodity Exchange (Comex) copper stocks climbed to 103,000 tons in January from 93,300 tons in December. Combined refinery and Comex stocks eased to 212,200 tons in January from 238,700 tons in December. U.S. refined production declined to 117,600 tons in January from 137,400 tons in December. Crude output increased to 98,600 tons in January from 93,300 tons (revised lower) in December. Preliminary figures showed U.S. refined deliveries rose to 151,800 tons in January from 124,800 tons in December.