Call This the Frozen Orange Juice Market: Highly Concentrated

As we digest big earnings and the bears and bulls duke it out, we've got a breadth problem: The S&P 500's Top 10 stocks make up most gains this year, according to one report. Read More...


Venezuelan oil gets more US buyers as Chevron steps up loadings

Chevron Corp has stepped up sales of Venezuelan crude oil to rival U.S. refiners, adding PBF Energy Inc and Marathon Petroleum Corp to its list of customers for the crude, vessel tracking and loading schedules showed. U.S. Gulf Coast refiners, which historically processed Venezuelan oil, have shown a renewed appetite for the heavy sour crude grade after Chevron late last year received authorization from the U.S. Treasury Department to expand its operations in Venezuela and resume oil shipments to the U.S. after a four-year pause. Chevron, the last big U.S. oil producer still operating in U.S.-sanctioned Venezuela, has increased exports of the crude since January.

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