- Barron's recommends selling refiners Valero Energy, Phillips 66, and Marathon Petroleum.
Barron's turns bearish on refiners, citing Trump administration moves to allow Russian diesel sales, Ukraine pausing refinery strikes, and Russia granting export exemptions. Crack spreads are falling as gasoline inventories build and demand drops. Valero, Phillips 66, and Marathon Petroleum have tripled this year but are giving back gains.
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