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- AAPLCNBC•5 hours ago
As Wall Street watches closely for clues about Apple's (AAPL) upcoming iPhone release, CEO Tim Cook said he feels "fantastic" about iPhone sales in the last quarter and touted the strength of the company's services business. Globally, Apple grew its revenue from Services 19 percent and the app store hit an all-time record. Services will be "the size of a Fortune 100 company by next year," said Cook.
Refining maintenance season is a few weeks away, a period of time that could be hugely negative for oil prices. While the maintenance season is temporary, it could keep oil prices low for the next several months. Between the months of July and October, purchases of crude oil from the refining industry in the U.S. has declined by roughly 1.2 million barrels per day over the past five years.