PBF Energy Shares Rise on Higher Crack Spreads Amid Geopolitical Tensions
Shares of PBF Energy surged over 10% in a week due to rising crack spreads driven by geopolitical tensions and disrupted oil flows through the Strait of Hormuz. The refiner's stock has gained nearly 125% year-to-date as improved refining margins support investor sentiment.
Tickers: $PBF
Topics: crack spreads geopolitical tensions PBF Energy Strait of Hormuz