After the Bell
Before the Bell
Jim Cramer's Daily Booyah
Winners & Losers
Oil refiners Valero and Phillips 66 could suffer from margin compression, while a downgrade weighs on Garmin.
The transaction is expected to strengthen the buyer's position in the southeastern U.S. and along the East Coast.
The Department of Energy agency said at 521 million barrels, U.S. crude oil inventories remain at historically high levels for this time of year.
The buyer announced in March it would shell out $1.3 billion for Imperial Oil's Ontario and Quebec retail stations, and a potential $4 billion deal would be its largest yet.
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