◆ NeutralPBF
Here's Why PBF Energy Stock Gushed Higher This Week
The Motley Fool·
PBF Energy stock rose 10.6% this week following deterioration in US-Iran relations and ceasefire breakdown. The stock gained despite rising oil prices because the crack spread (difference between refined product prices and input costs) widened significantly. Supply disruptions from potential Strait of Hormuz closure benefit domestic refiners like PBF by increasing refined product prices relative to crude oil costs.
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