Top 3 Energy Stocks That May Implode This Month
Tsakos Energy Navigation, CVR Energy and Nordic American Tankers show overbought RSI readings, warning momentum-focused investors.
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Shares of oil and gas refining and marketing companies are trading higher amid heightened investor attention on elevated diesel prices and refinery crack spreads, which may help refiners maintain pricing power heading into a period of lighter demand following the summer driving season.
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Shares of oil and gas companies are trading higher amid a rise in crude after reports suggesting that Saudi Aramco deferred and cancelled some September crude cargoes meant for European refiners after the closure of its East-West pipeline to the Red Sea. Also, ongoing Saudi strikes on Yemen's Houthi rebels and a tight global diesel market are helping to support crude prices.
Top 3 Energy Stocks That Could Sink Your Portfolio This Month
Marathon Petroleum, Phillips 66 and CVR Energy show overbought RSI readings above 70, warning momentum-focused energy investors.
Jim Cramer Warns of ‘Unholy Developments’ Crushing Rate-Cut Hopes as Brent Tops $92 After Strait of Hormuz Attacks
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Shares of oil and gas refining and marketing companies are trading higher after reports suggesting that multiple U.S. industry associations sent a letter to President Trump warning of serious market risks from a proposed 90-ban on diesel exports.
Dozens Of U.S. Oil Refining And Business Groups Urge Trump To Reject Any Effort To Impose Ban On Diesel Exports
- Reuters Citing Letter