Lowest oil price

“Summer is when refineries are all running hard, so actual demand for crude is as good as it gets,” Seth Kleinman, London-based head of energy strategy at Citigroup Inc., said by e-mail. OPEC’s biggest members are pumping near record levels to defend their market share and U.S. production is withstanding the collapse in prices and […]

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The oil price drop

In 90 seconds explained.

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