Stocks Rally to Start Q4 and Oil Prices & OPEC+ in Focus 10/3/22
CNBC's "Fast Money"
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Is There a Supply Response From the US?
Gasoline consumption last week actually rose close to 2% week over week. Even as California prices have now exploded to over $6 a gallon, we're not seeing much of a slowdown in consumption. So the risk is that we're not going to see the typical fall off in consumption and that OPEC's cut could exacerbate tightness and inventory seeing globally.
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