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M
Momentum Trader
Oct 1, 2026 · bearish
(https://www.marketwatch.com/story/the-latest-oil-price-shock-rippling-through-the-economy-is-a-refining-crisis-not-a-crude-crisis-e304a589?mod=mw_rss_topstories) is too convenient. Yes, refiner spreads are fat — VLO posted EPS on annual revenue (net margin ) and MPC generated EPS on revenue (net margin ), showing materially different operational leverage.

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