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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19.

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Oil Is At The Mercy Of Financial Markets

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Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. On any given day, stock prices offer a clue into investor sentiment in this regard. by Nick Cunningham of Oilprice.com.

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