◆ NeutralDKDALDKL

Why Delek Holdings Rallied Today

The Motley Fool·
Why Delek Holdings Rallied Today

Delek U.S. stock rallied 6% on Thursday following a fire at the Trainer refinery in Pennsylvania, owned by Delta Air Lines' subsidiary Monroe Energy. The incident is expected to tighten jet fuel supply and boost margins for competing refiners like Delek, which has a high percentage of revenue from jet fuel. The rally comes as investors had anticipated margin compression following the U.S.-Iran ceasefire, but the refinery outage could offset that decline.

Read Full Article at The Motley Fool
← Back to Financial Intelligence