Geopolitics Alpha

CVR nears Marathon refinery deal worth over $4bn: WSJ

Published . Updated .

Key takeaways

  • Exposed: CRAK, XLE, MPC, VLO, PSX
  • Market reaction: price tracking starts with the next trading session.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

ENERGYCVR nears Marathon refinery dealworth over $4bn: WSJMPCGEOPOLITICS ALPHA

This report is about refining.

Directly affected

  • MPC Marathon Petroleum+13.1% 9d

    Named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • VLO Valero Energy+0.7% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • PSX Phillips 66+12.1% 30d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • CVI CVR Energy+11.8% 30d

    CVR Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • XOM ExxonMobil Holdings+10.6% 15d

    ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MPC+1.26%+0.47%baseafter closeafter closeafter closeafter close
CRAK+1.98%+0.61%baseafter closeafter closeafter closeafter close
XLE+1.44%+2.16%baseafter closeafter closeafter closeafter close
VLO+1.54%+0.86%baseafter closeafter closeafter closeafter close
PSX-2.43%-0.52%baseafter closeafter closeafter closeafter close
CVI+2.65%+1.64%baseafter closeafter closeafter closeafter close
XOM+0.06%+1.89%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

CVR nears Marathon refinery deal worth over $4bn: WSJ Quantum Commodity Intelligence

Source: Quantum Commodity Intelligence

How far Vaneck Etf Trust (CRAK) has moved since 3 Nov 2026

CompanyWhenMoveStatus
Vaneck Etf Trust (CRAK)three days earlier+0.61%final price
Vaneck Etf Trust (CRAK)five days earlier+1.98%final price
Cvr Energy (CVI)three days earlier+1.64%final price
Cvr Energy (CVI)five days earlier+2.65%final price
Marathon Petroleum (MPC)three days earlier+0.47%final price
Marathon Petroleum (MPC)five days earlier+1.26%final price
Phillips 66 (PSX)three days earlier-0.52%final price
Phillips 66 (PSX)five days earlier-2.43%final price
Valero Energy (VLO)three days earlier+0.86%final price
Valero Energy (VLO)five days earlier+1.54%final price
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
XOMthree days earlier+1.89%final price
XOMfive days earlier+0.06%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who collects and who pays in energy

Companies mentioned with this story

  • CRAK Vaneck Etf Trust

    For “CVR nears Marathon refinery deal worth over $4bn: WSJ,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

  • XLE Select Sector Spdr Tr

    For “CVR nears Marathon refinery deal worth over $4bn: WSJ,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

  • MPC Marathon Petroleum

    For “CVR nears Marathon refinery deal worth over $4bn: WSJ,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • VLO Valero Energy

    For “CVR nears Marathon refinery deal worth over $4bn: WSJ,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • PSX Phillips 66

    Phillips 66 (PSX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “CVR nears Marathon refinery deal worth over $4bn: WSJ.” Reason on file: Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • CVI Cvr Energy

    Cvr Energy (CVI) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “CVR nears Marathon refinery deal worth over $4bn: WSJ.” Reason on file: CVR Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

Vaneck Etf Trust (CRAK) and the energy link

On 3 Nov 2026, “CVR nears Marathon refinery deal worth over $4bn: WSJ” is the story that connects Vaneck Etf Trust (CRAK) to Energy.

Vaneck Etf Trust (CRAK) is on the page because VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

What this energy story puts on the calendar

MPC traded between 380.66 and 447.00 across 9 sessions. The latest close on file is 444.80. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.

The energy score for Vaneck Etf Trust (CRAK)

46 out of 100

“CVR nears Marathon refinery deal worth over $4bn: WSJ” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.