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Stock impact report

U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say [Seeking Alpha]

NuScale Power Corporation (SMR) 
Company Research Source: Seeking Alpha
concerns about demand prospects highlighted by OPEC, the EIA and the Paris-based IEA, which all lowered their demand estimates this week. U.S. government data showed the storm had shut-in 732K bbl/day, or 42% of Gulf of Mexico output, but said Friday that production from undamaged facilities would be brought back immediately. "These cuts are expected to prove brief and within the broader context are unlikely to spur much movement in the crude balances given the importance of shale production that accounts for the major portion of U.S. output," Ritterbusch said, according to Dow Jones. Traders "could come back Monday and everything is fine, the refineries are running at 100%, everyone is back on the platform, oil comes back and gasoline is coming out of the refinery - and the market could potentially pull back exponentially ," Mizuho's Robert Yawger said, Reuters reported. Front-month Nymex crude ( CL1:COM ) for October delivery finished Friday to $68.65/bbl, and front-month No Show less Read more
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