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.
Stocks · News reference
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.
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