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Breaking Posted 4 hours ago

Refinery stocks rally near buy points on Trump ceasefire

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Refinery stocks approached technical buy levels following Trump's ceasefire comments on Iran, signaling potential de-escalation in Middle East tensions. Oil price sensitivity drives USD/CAD and energy-linked pairs; lower geopolitical risk typically weakens crude and supports broader risk appetite, affecting commodity currencies and safe-haven flows.
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@asuquokelvin · 4 hours ago

Refineries don't make the most money when oil is expensive, they profit when crude is cheap and margins improve. No wonder refinery stocks started looking attractive once ceasefire hopes reduced the Middle East risk premium. 😄"

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