Refinery Stocks Roll Higher (TSO) (VLO) (FTO)
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A number of refinery stocks continued Friday's move higher as speculators expect spreads to improve in light of the Japanese earthquake.
Valero Energy Corp. (NYSE: VLO) is up 3%, Tesoro Corporation (NYSE: TSO) is up 7%, Frontier Oil Corp. (NYSE: FTO) is up 3%, Western Refining Inc. (NYSE: WNR) is up 3%, Holly Corporation (NYSE: HOC) is up 2%, Alon USA Energy, Inc. (NYSE: ALJ) is up 4%.
Tesoro is preforming the best perhaps because it has three refineries on the U.S. West Coast, and could help supply Japan.
Valero Energy Corp. (NYSE: VLO) is up 3%, Tesoro Corporation (NYSE: TSO) is up 7%, Frontier Oil Corp. (NYSE: FTO) is up 3%, Western Refining Inc. (NYSE: WNR) is up 3%, Holly Corporation (NYSE: HOC) is up 2%, Alon USA Energy, Inc. (NYSE: ALJ) is up 4%.
Tesoro is preforming the best perhaps because it has three refineries on the U.S. West Coast, and could help supply Japan.
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