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One-Two

Oil Stocks Hit With a One-Two Punch of Coronavirus and Sustainability Goals

Oil stocks are in the tank after the coronavirus turned out to be worse than expected. China’s oil consumption is reportedly down 20%. Citi slashed its oil price outlook and is eyeing the $47 level. In early January, oil stocks were Wall Street’s darlings as tensions between the U.S. and the Middle East escalated, threatening…