The recent strength in WTI crude prices reflects new pipelines, not new demand, so expect the...

|By:, SA News Editor

The recent strength in WTI crude prices reflects new pipelines, not new demand, so expect the surge to be short-lived, Liam Denning writes. For investors, he sees an opportunity in U.S. refiners such as Valero (VLO +3.4%), HollyFrontier (HFC +1.7%) and Phillips 66 (PSX +2.2%), whose stocks have sold off as the Brent-WTI gap has closed, but expects that to reverse as WTI's bid for equality gets caught in a new bottleneck.