Amrith Ramkumar Wall Street Journal, suggests that recent gasoline consumption is disappointing, here…
“After demand for gasoline surged from mid-April to late June, consumption has stayed relatively flat in the past two months and remains well below its prepandemic levels, government data show. The fizzling rebound highlights the lingering effects of coronavirus precautions and travel restrictions. Even as some states advance business reopening plans, rising cases in other parts of the country are fueling caution among consumers.”
However, the consensus expects oil stocks to draw as far as the eye can see…
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