| Falling oil prices mean energy companies and their investors can expect lower profits in the coming months. But big, integrated oil companies are likely to find that a recently unloved part of their business—oil refining—provides a cushion.
Companies reporting earnings in the weeks ahead should show the early effects of the oil-price drop. Brent crude fell 16% in the third quarter. It has continued falling this month, hitting $88 a barrel Tuesday, down from $112.40 a barrel at the end of June...............................................Full Article: Source
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