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Oil Rallies Despite Growing Demand Concerns

We hope you enjoy.Chart of the Week-    U.S. fossil fuel production declined by 6% in 2020.-    The EIA projects that production will remain flat in 2021, with increased coal production offsetting declines in gas output.-    Production will resume growth in 2022 but will remain below the 2019 peak.Market Movers-    ExxonMobil (NYSE: XOM) said that its latest well in offshore Guyana did not find commercial volumes of oil.

That is the second setback the company has faced in Guyana in recent…

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