Business & Finance: Petroleum Optimism

Petroleum producers and refiners are beginning to recover somewhat from their blue funk of recent months, and to foresee the day, not far distant, when the heavy stocks of crude oil now accumulated through overproduction can be materially decreased. Oil shares on the New York Stock Exchange have experienced a general recovery, and the price of crude petroleum in several fields is likewise showing a rising tendency.

Consumption of petroleum is slowly but unfailingly on the increase; it is therefore mainly a question of how soon the huge output of oil can be...

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