Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Refinery Stocks Run Out Of Fuel, Watch These Levels

|Includes:PSX, TSO, Valero Energy Corporation (VLO)

This morning, many of the leading oil refinery stocks are declining sharply lower at the start of the trading day. Some of the leading stocks in the sector that are selling off include Valero Energy Corporation (NYSE:VLO), Tesoro Corporation (NYSE:TSO), HollyFrontier Corporation (NYSE:HFC), Marathon Petroleum Corporation (NYSE:MPC), and Phillips 66 (NYSE:PSX). Day traders can watch for a couple of solid intra-day support levels on VLO stock around the $48.47, and $47.58 levels. Both levels could be intra-day bounce areas for the stock.

Nicholas Santiago
InTheMoneyStocks.com

Stocks: VLO, TSO, PSX