Sector: Energy & Utilities
Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.
Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.
There's been a lot of talk about defensive stocks amid broader markets' volatility. Southern Company stock has rallied almost 40% year-to-date.
Today, the EIA plans to report natural gas inventories for the week ended September 13. A negative inventories spread could support natural gas prices.
Just as the Fed is set to ponder an interest rate cut amid fears of a US slowdown, the People’s Bank of China has kept its one-year interest rate steady.