Last week oil prices were upped lot to 15¢ per bbl. first change in the $1 level since September 1933. First to up the posted price was Sun Oil, which was promptly followed by Humble Oil & Refining, Standard Oil of New Jersey subsidiary and the biggest crude oil buyer in Texas. Within a few days oil had been upped throughout the mid-continent territory, and the rise soon spread to Pennsylvania. Only State to withhold an advance was California, which has succeeded East Texas as sore spot of the industry. There Standard of...
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