Oil drops with upcoming refiner maintenance, warning for demand – Houston Chronicle
Oil fell to its lowest level in more than three weeks with hopes that refining demand for crude will weaken in the fall and as investors seek refuge in a stronger dollar.
Futures contracts in New York fell 2.9% on Wednesday. While a US government report showed a decline in domestic crude and gasoline inventories, many refineries will soon be shutting down operations to perform maintenance. Such…
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