US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow
Published . Updated .
This report is about oil and refining.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “fuel shortage” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “fuel shortage” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel shortage” (oil) in this story.
- VLO Valero Energy+0.7% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel shortage” (oil) in this story.
- MPC Marathon Petroleum+13.1% 9d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel shortage” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -1.54% | -1.29% | base | after close | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | after close | after close | after close | after close |
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| VLO | +6.57% | -2.89% | base | after close | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | after close | after close | after close | after close |
| MPC | +5.85% | -0.90% | base | after close | after close | after close | after close |
| COP | -1.71% | -3.24% | base | after close | after close | after close | after 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.
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US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow EnergyNow.com
Source: EnergyNow.com
How far United States Oil Fund (USO) has moved since 1 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | three days earlier | -3.24% | final price |
| Conocophillips (COP) | five days earlier | -1.71% | final price |
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| Marathon Petroleum (MPC) | three days earlier | -0.90% | final price |
| Marathon Petroleum (MPC) | five days earlier | +5.85% | final price |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| Valero Energy (VLO) | three days earlier | -2.89% | final price |
| Valero Energy (VLO) | five days earlier | +6.57% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 62 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 39 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 60 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 40 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 72 days before publication. Filed 8 Oct 2026. View the filing.
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 gains and who loses around United States Oil Fund (USO)
Companies carried with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “fuel shortage” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “fuel shortage” (oil) in this story
- CRAK Vaneck Etf Trust
In “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow,” 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 “refiner” (refining) in this story
- XOM ExxonMobil Holdings
For “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel shortage” (oil) in this story
- VLO Valero Energy
In “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow,” 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 “refiner” (refining) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel shortage” (oil) in this story
- MPC Marathon Petroleum
For “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow,” 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 “refiner” (refining) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel shortage” (oil) in this story
United States Oil Fund (USO)
On 1 Nov 2026, “US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow” is the story that connects United States Oil Fund (USO) to this story.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “fuel shortage” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “fuel shortage” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
A simple score for United States Oil Fund (USO)
46 out of 100
“US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.