Valero Energy stock jumps 4% as California imports plan and Venezuela oil headlines hit refiners
Valero Energy (VLO) stock rose 4.4% following its plan to idle the Benicia refinery while continuing to supply Northern California via imports and inventories. The broader refining sector was also influenced by speculation around Venezuelan oil imports and a significant build in U.S. fuel inventories. Investors are closely monitoring Washington's stance on Venezuelan crude and upcoming earnings reports from Valero for further market direction.
https://ts2.tech/en/valero-energy-stock-jumps-4-as-california-imports-plan-and-venezuela-oil-headlines-hit-refiners/