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Higher gasoline consumption only short-term help for oil prices
2015-02-02 08:52:56| Oil & Gas - Topix.net
Oil companies are moving aggressively to cut excess supply in the face of a glut, but weak global growth is expected to dampen any recovery in crude prices over the next two years. There are some signs of a demand response to oil's price swoon - gasoline sales were up sharply in some states last fall while sales of sports utility vehicles soared at the end of the year.
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Category:Energy and Environment
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