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Squawk on the Street
Market Events and Surprising Behavior in the Oil Industry
The chapter delves into market events, discussing potential deals between companies like Walmart and Costco, as well as the scrutiny on oil and gas mergers by the FTC due to political factors. It also highlights a surprising development in the oil industry involving unexpected behavior between major companies like Chevron, Hess, and Exxon, causing speculation and uncertainty about the industry dynamics and outcomes.
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