Refiners are taking a hit on an after-the-fact downgrade by Macquarie, but surely they will like...

|By:, SA News Editor

Refiners are taking a hit on an after-the-fact downgrade by Macquarie, but surely they will like the latest EIA report showing a bigger-than-expected gain in oil (USO) inventories, and a far larger-than-expected decline in gasoline (UGA) stocks. A refinery-heavy ETF, PXE -1%.