PBF Energy Shares Rise Amid Geopolitical Tensions and Improved Crack Spreads
Shares of PBF Energy (NYSE: PBF) surged by over 10% in a week, driven primarily by rising crack spreads. The refiner's stock has gained nearly 125% year-to-date as the 3-2-1 crack spread climbed to $69 from around $43 at the start of June and $20 early this year.
Topics: crack_spread energy geopolitics