PowerShares Dynamic Engy Explr&Prdtn ETF

In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector.

In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector.

Next in our series of the biggest movers in the energy sector, we’ll now look at the highest-losing stocks this week from the US refining and marketing sector.

Valero Energy (VLO) stock is the only stock from the refining and marketing sector to see losses this week.

Southwestern Energy Company’s (SWN) operating revenue fell 22% in 2016 before gaining 37% in the first nine months of 2017 (or 9M17).

PBF Energy (PBF) is the biggest loser in the current week from the refining and marketing sector.

Andeavor is the biggest loser this week in the refining and marketing sector. It has fallen from last week’s close of $107.20 to $103.83 on November 15.

In this article, we’ll look at the top losing stocks in the current week from the refining and marketing sector in the US.

Par Pacific Holdings (PARR) is the only laggard in the current week from the refining and marketing sector. It fell from last week’s close of $20.70 to $20.67 on October 11, 2017.

PBF Energy (PBF) has been the biggest loser so far this week (starting October 2, 2017) in our select group of refining and marketing energy stocks.

At 5:00 AM EST on December 9, the WTI crude oil futures contract for January 2017 delivery was trading at $51.21 per barrel—a rise of ~0.71%.

Copper prices are stable in the early hours on December 8. China’s upbeat trade balance data are supporting the sentiment in the copper market.

At 5:45 AM EST on December 5, the WTI crude oil futures contract for January 2017 delivery was trading at $52.18 per barrel—a rise of ~0.97%.

At 5:45 AM EST, the WTI crude oil futures contract for January 2017 delivery was trading at $49.88 per barrel—a rise of ~0.89%.

At 5:35 AM EST, the West Texas Intermediate crude oil futures contract for January 2017 delivery was trading at $47.91 per barrel—a rise of ~5.9%.

Crude oil prices are weaker early on November 29 amid speculations about the supply cuts. Russia confirmed that it wouldn’t attend OPEC’s meeting.

The market is also waiting for the weekly crude oil inventory reports from the U.S. Energy Information Administration and the American Petroleum Institute.

Net income reported for this quarter reflected discontinued operations at Valero’s Aruba refinery—as a result of this, the company recognized a loss of $63 million associated with asset retirement and other obligations related to the Aruba refinery.

SWN notes that as of September 30, 2013, its midstream operations gathered ~2.3 billions of cubic feet of natural gas per day.

Since SWN began operations in the Fayetteville Shale in 2004, the company has drilled and acquired substantial acreage in the play.