On the news that Japan was forced to shut down oil refineries, due to the earthquake/tsunami disaster, shares of U.S. based refiners are surging, led by gains in ALJ (9%), WNR (5.5), VLO (5%) and TSO (5%). Speculation suggests that Japan will need to fulfill demand somehow and may need to import vast amounts of refined crude, until their refiners are back online.
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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
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