Diesel Squeeze Nobody Hedged: 4 Refiners Just Logged Their 6th Straight Week of Gains
Valero, Marathon Petroleum, HF Sinclair and Phillips 66 have gained for six consecutive weeks as diesel crack spreads hit an all-time record.
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Why It Matters
Four big oil refiners are making record profits from diesel fuel prices. This happens when refiners can sell diesel for much more than it costs them to make.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.