real-time news and commentary for investors
Thursday, Feb 21
Until inventories increase on the U.S. east coast, refiners are likely to continue making...
Until inventories increase on the U.S. east coast, refiners are likely to continue making handsome profits and their share prices likely will continue rising, Paul Ausick writes. Eastern refinery closures are contributing to a short supply of gasoline; the difference is made up by gasoline imports from Europe, where refiners are bidding up the Brent spot price to acquire crude to refine and send to New York.