Valero, Marathon Petroleum, HF Sinclair and Phillips 66 have gained for six consecutive weeks as diesel crack spreads hit an all-time record.
CRAK climbs to a fresh 52-week high as renewed geopolitical tensions in the Middle East drive oil prices higher.
Oil price volatility caused by U.S.-Iran war created big market winners, but for buy-and-hold investors, there are better long-term energy themes to monitor.
Marathon, Valero and Phillips 66 are leading the S&P 500 in July as the 3-2-1 crack spread hits a record near $70 a barrel.
The VanEck Oil Refiners ETF has quadrupled its assets this year as crack spreads hit records.
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