BLBG: U.S. Energy Day Ahead: Oil Gains; Marathon’s Refinery Spending
By Rob Verdonck
Nov. 18 (Bloomberg) -- Oil advanced for a third day in New York, rising above $80 a barrel after an industry report showed crude stockpiles declined in the U.S., the largest energy consumer.
Marathon Oil Corp., the fourth-largest U.S. energy producer, may have some explaining to do to investors who say bad bets on refineries are holding back the company’s growing exploration business.
To contact the reporter on this story: Rob Verdonck in London rverdonck@bloomberg.net
