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Benzinga
Benzinga
Business
Piero Cingari

Oil Is Trapped At Hormuz: These 3 Refiner Stocks Are Cashing In

Oil Raymond James Matthew Sigel Citi NYSE Phillips 66 the Strait of Hormuz United States AAA Citigroup
Indianapolis:,Circa,September,2016:,Marathon,Petroleum,Retail,Gas,Station.,Marathon

American refiners are minting money. The margin they earn turning crude into fuel has just surged to a record high as hostilities in the Strait of Hormuz flare up once again. The stocks tied to that trade are now leading the S&P 500 in July.

Marathon Petroleum Corp. (NYSE:MPC), Valero Energy Corp. (NYSE:VLO) and Phillips 66 (NYSE:PSX) rank among the best-performing names in the index this month.

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