Oil price remains low. We know the reasons. And there are many. But we don't care. What's good for low oil price? The feedstock that is being used for refinery products such as gasoline and many hundreds of products. Low oil price is bad of upstream businesses aka oil explorers. Refinery business could take advantage of low feedstock aka oil.
$psx, $ mpc, $hfc fit the bill.
Analyst's Disclosure: I am/we are long HFC.
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