The refiners were a hot trade as the conflict in Iran progressed. WTI and Brent crude oil prices surged, while supply was choked off. Companies tasked with proc...
The refining sector, represented by CRAK, experienced a significant surge in profitability during the Iran conflict due to escalating oil prices and constrained supply. However, the sector is currently showing signs of technical damage, indicating a potential market downturn.…
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