Oil Below $70: Buy These 2 Refiners Before the Next Rally

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Summary · why it matters

West Texas Intermediate oil is trading below $70 per barrel, down from over $100 in May, creating a favorable environment for refiners. Phillips 66 and Par Pacific have surged 37.1% and 86.9% over the past year, respectively. Phillips 66 benefits from lower crude costs and a diversified business spanning midstream and chemicals, which provides resilience against commodity volatility. Par Pacific gains from sourcing crude from multiple origins, including cheaper Canadian heavy oil, giving it a cost advantage in producing high-value products.

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Synthetic Biology (non-pharma)▲ · 1 stocks
Phillips 66
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Lower crude costs benefit refining margins, with diversified business adding resilience.

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