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Oil Refining Stocks Surge on Spike in Diesel Prices

Por: MarketWatch Business September 11, 2023

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Smaller refining stocks, which are generally more sensitive to changes in commodity prices, are up even more. Tennessee-based (DK), for example, has increased 20% this month. Refineries are benefiting from a shift in crude exports. Saudi Arabia has to 9 million barrels a day, and Russia has reduced output, too—to prop up oil prices. Those countries produce a somewhat heavier grade of oil, which is easier to transform into diesel. U.S. crude is... + full article



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