Oil Prices Could Rise To $65
Published
Oil jumped spiked on Tuesday morning on the back of positive manufacturing news and a weakening of the dollar.Chart of the Week- From 2011 to mid-2020, roughly 95 GW of coal-fired capacity has gone offline, with another 25 GW slated to shut down by 2025.- The U.S. coal fleet will soon drop below 200 GW, down from 314 GW at its peak in 2011.- The remaining plants are underutilized because of coal’s declining competitiveness. Market Movers- Total’s (NYSE: TOT) Port Arthur…
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