Two Stocks To Win From Today's Oil Prices
This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Crude oil stockpiles continue to grow as oil production in the United States reaches 20-year highs. While the growing stockpile is pushing down the domestic price of crude, international prices continue to escalate. This is great news once again for domestic refiners, with the WTI-Brent price differential again over $10.
Savvy investors should look at refiners with export capabilities, like Phillips 66 , with capacity to export 340 thousand barrels of product per day, or Valero Energy , with around 200 thousand barrels of fuel per day exported last quarter
Is OPEC safe will we continue to produce record levels of oil
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The article Two Stocks To Win From Today's Oil Prices originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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