Bank closures, falling crude oil prices, increasing demand highlight strange time in oil and gas markets
CAPE GIRARDEAU, Mo. (KBSI) – The closures of Silicon Valley Bank and Signature Bank have caused some concern among investors on fuel demand outlooks. And crude oil has dropped from $80-plus per barrel to the mid-$60’s. AAA Public Affairs Specialist Don Redman said this drop is something that only happens occasionally. “Oil took a beating that we haven’t seen since…