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S&P 500
5,815.26
(
-0.76%
)
US TECH 100
19,646.80
(
0.07%
)
Dow Jones
42,740.42
(
-0.75%
)
Brent Oil
73.86
(
-0.83%
)
Bitcoin
67,677.91
(
1.00%
)
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littlejohn

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littlejohn

Re: bbotcs post# 14289

Sunday, 04/07/2024 2:04:16 AM

Sunday, April 07, 2024 2:04:16 AM

Post# of 15409
Been shaking my head wondering why refiner

stocks jumped with oil going up?...

https://www.investopedia.com/articles/active-trading/102214/difference-between-oil-services-and-refiners.asp#:~:text=The%20refining%20side%20of%20the,added%20products%20becomes%20more%20profitable.

Refiners had great profits in 4th

quarter of 2023 when oil prices dropped...

Is the info out there wrong?...

Can they hold margins when oil price

has been rising at a fast pace?...

Someone may have to rewrite the

info on refiners if their rally ever ends...

So we watch...LJ

Gee Beav, rithmatic isn't usually this hard to read!

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