Making Financial Headlines · Page 10
Refinery disruptions give oil shares a costly celebration
· New York time
Chevron and Exxon reached all-time highs as refining profits soared. Global diesel prices surged after Ukraine and Iran struck refineries in Russia and the Middle East, showing how disruption abroad can affect a worldwide fuel market. Higher refining profits can please shareholders while fuel costs pressure businesses that rely on diesel. The same price movement can look like a record from an investor's desk and an expense from a truck operator's seat. The market has found a way to put the celebration and the bill on different schedules.
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