- UBS analysts say the best is yet to come for U.S. refiners, believing growth in U.S. light oil production from shale risks overwhelming the country’s ability to absorb the barrels with the potential for a price blowout in the difference between Brent crude and Louisiana Light Sweet, with refining stocks as big beneficiaries.
- With oil prices hovering near $100 mark and the busy summer travel season coming soon, demand should only increase; if refinery investors get the spread blowout many are looking for by Q4, the firm thinks it could get exciting for the top names.
- UBS top refining stocks to buy now: CVRR, NTI, PSX, TSO, VLO, WNR.