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MPC / The Refinery Sector May Be Poised For Pullback

Refiners, companies that process energy commodities, have quietly outperformed the stock market this year. Bank of America downgraded the refinery sector, citing a shift in the risk-reward dynamic and unfavorable seasonal trends. The deteriorating Chinese economy and pullback in crude oil prices have contributed to declining confidence in the global economy and the refiners' outlook. Read More

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Refinery

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Pullback

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MPC

Posted: Aug 24 2023, 07:50

Author Name: Seeking Alpha

MPC News

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