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‘New Middle East’ Seen Lifting U.S. Oil Stocks: Chart of the Day

Dozens of U.S. companies will benefit as North America becomes "the new Middle East" for energy production during this decade, according to Citigroup Inc.’s analysts.

The CHART OF THE DAY depicts the gap between U.S. exports and imports of oil products, as compiled monthly by the Energy Department since 1973. Commodity analysts at Citigroup cited net exports in a report two days ago to support their view about the continent’s prospects.