Oil stocks collapse as fuel consumption stagnates – Motley Fool
Shares of a wide range of oil stocks are dropping sharply today, following the US Energy Information Administration’s latest weekly oil data survey. According to the latest update, US refinery production has fallen by nearly a million barrels per day, while gasoline consumption, measured by the amount of refiners supplied to the market, remains stuck in a near narrow band. of 9 million barrels…
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