(https://www.marketwatch.com/story/oil-prices-rise-after-u-s-and-saudi-arabia-attack-iran-backed-militias-in-iraq-f0f409ea?mod=mw_rss_topstories) sent crude bid, but here's the rub: the refiner margin squeeze everyone's chasing is already being crushed by demand signals. XOM posted in EPS last quarter on elevated crude, but that tailwind dies the moment global PMI rolls over.

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