News Oil 

In major shift, U.S. now exports more oil, fuel than it ships in

“The United States historically has been a heavy importer of crude oil in part due to a four-decade ban on crude exports that was lifted in late 2015 by then-President Barack Obama” reports businessinsider.com. U.S. oil prices have sagged since hitting a four-year high near $76 a barrel in October.For the week, the United States also posted net exports of 4.2 million bpd of products like gasoline and diesel.
 
Source: businessinsider.com



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