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Oil futures tumbled more than $5 a barrel on news that the Biden administration is considering releasing about 1 million barrels a day from the U.S. Strategic Petroleum Reserve (SPR) for several months to cool surging crude prices.Brent crude futures…
U.S. refiners forecast strong first-quarter earnings as margins on gasoline and diesel sales improved, refining capacity fell sharply and crude supplies tightened due to the Russia-Ukraine war.Global refining capacity has declined amid the coronaviru…
The China Securities New Energy Vehicle index rose as much as 4.1 percent after a strong rally in lithium-ion shares on the Chinese stock market. Brokerages said lithium enterprises would usher in marginal expectations, and currently, it may be the b…
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