United States Oil Fund (USO): $USO Gasoline falls as fuel lines restar...

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Monday, 09/04/2017 4:56:26 PM

Monday, September 04, 2017 4:56:26 PM

$USO Gasoline falls as fuel lines restart

Gasoline futures sharply retreated overnight, falling 4.2% to $1.67 per gallon, as some refineries started coming back on line and the Colonial and Explorer Pipelines looked to restore full shipments.

Crude is still deciding which way to turn, with WTI futures holding steady at $47.23/bbl.

About one-fifth of U.S. refining capacity remains halted, according to data compiled by Bloomberg.

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