Shares of oil and gas refining and marketing companies are trading higher despite a retracement in oil prices amid investor focus on shortages of refined petroleum products stemming from persistent outages in Russian and Middle Eastern refining capacity.

'Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump; Trump has asked Europe to release at least 100mn barrels of diesel to the markets' - FT Exclusive

https://www.ft.com/content/97200b07-755c-40ce-a50b-b51666bd4b7e?syn-25a6b1a6=1

Dozens Of U.S. Oil Refining And Business Groups Urge Trump To Reject Any Effort To Impose Ban On Diesel Exports

- Reuters Citing Letter

Shares of oil and gas refining and marketing companies are trading lower after reports suggesting the Trump administration is considering implementation of a 90-day ban on diesel exports, which would lower domestic prices and refining margins.

Wells Fargo Maintains Equal-Weight on HF Sinclair, Raises Price Target to $135

Wells Fargo analyst Sam Margolin maintains HF Sinclair (NYSE:DINO) with a Equal-Weight and raises the price target from $93 to $135.

Top 3 Energy Stocks That May Fall Off A Cliff In October

CVR Energy, HF Sinclair and Phillips 66 show overbought momentum signals, with RSI readings of 81.2, 80.4 and 77.2.

Shares of oil and gas refining and marketing companies are trading higher after BP issued a Q3 update that included a $1.9 to $2.1 billion boost from stronger refining margins, which may aid investor confidence in the sector's profitability. Also, bipartisan Congressional pushback on President Trump's plan to import Russian diesel may assuage concerns over competition from foreign oil product cargoes.