Zacks Investment Research
02 Jul 2026, 15:46 UTC · 3h ago
Oil Below $70: Buy These 2 Refiners Before the Next Rally
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Zacks Investment Research
02 Jul 2026, 15:46 UTC · 3h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
3 claims · each scored for market impact
Oil prices have fallen from over $100 per barrel in May to below $70 per barrel (WTI). — Lower crude prices generally reduce revenue for energy producers and can signal weakening global demand or increased supply.
-0.40Qatar reports progress in indirect negotiations between the U.S. and Iran regarding the Strait of Hormuz. — Reduced geopolitical tension in a critical oil transit chokepoint lowers the risk premium on energy prices and improves global supply stability.
+0.30Lower crude pricing is expected to benefit refiners like Phillips 66 (PSX) and Par Pacific (PARR) by reducing raw material costs. — Lower feedstock costs typically expand refining margins, provided end-product demand remains stable.
+0.20Which stocks this story touches
Continue reading
6 related stories
Top 2 movers · tap to explore
Lower crude prices reduce input costs for refining and the company's diversified model provides resilience.
Lower oil prices are cited as a positive for the company's refining operations.
Free · No account
Get a free daily PDF briefing — the last 24 hours of news, with summaries and the market-impact score for each story, delivered an hour before the open.
We’ll watch
Pre-filled from this story — remove any you don’t want. Add more tickers & tags or fine-tune your watchlist anytime — every email has an edit link, no account needed.
Free forever · one email a day, max · unsubscribe in one click.How it works
How the impact breaks down
Where the story's weight lands
Stocks most exposed
Modeled from each name's sensitivity to this story
No stock impact ranking available yet.
FXEmpire
36m ago
