U.S. Oil Demand In Danger

U.S. Oil Demand In Danger

OilPrice.com

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1. U.S. oil demand rebound stalls- Oil prices sank this week along with broader financial indices. But oil was also dragged down by the stagnating demand recovery. - U.S. gasoline demand has plateaued just as peak U.S. driving season came to a close. In the last week of August, demand actually fell by 1.9 percent compared to the week before. The four-week average in August was down 18 percent from a year earlier. - “The plateauing in demand is a symptom of the continuing aggressiveness of the coronavirus and is telling us that it will take…

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