Oil’s Below $50 and About to Get Worse
U.S. refineries, which turned a record amount of crude into gasoline during July, typically slow down from August through October
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Oil has fallen to a six-month low, and hopes of a quick rebound are fading as demand heads into an autumn swoon.
Brent crude tumbled below $50 on Monday for the first time since January. Gasoline fell the most in almost three years.