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What is Causing a Sharp Oil Selloff?

What is Causing a Sharp Oil Selloff?

Oil dropped after the U.S. asked some of the biggest Oil-consuming countries to join it by tapping into stockpiles to manage global energy prices, according to people familiar with the matter.

Big Oil to Post Highest Cash Flow in 13 Years

Big Oil to Post Highest Cash Flow in 13 Years

Five supermajors plan to release earnings on Thursday & Friday and it's expected reports will show roughly $29 billion in free cash flow - the most since 2008. This could be due to a strong demand for crude, natural gas and chemical price surges, and a rebound in refineries.

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