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LONDON, March 22, 2013 /PRNewswire/ --
While demand for refined oil and gas products in the U.S. has been slow, refiners are benefiting from lower costs due to the shale oil and gas revolution. Weaker margins has been a major concern for refiners such as Phillips 66 (NYSE: PSX), Marathon Petroleum Corp. (NYSE: MPC), Murphy Oil Corporation (NYSE: MUR) and Delek U.S. Holdings Inc. (NYSE: DK) in the last few years. However, the shale revolution is benefiting the refining industry. The industry is also expected to benefit from an improvement in the U.S. economy. On Thursday, though, shares of refining companies struggled as the broad market remained under pressure due to concerns over Cyprus's bailout. StockCall initiated free in-depth technical analysis on PSX, MPC, MUR, and DK which are currently available upon sign up at
Shares of Phillips 66 fell sharply in trading on Thursday, paring some of the gains from earlier in the week. The stock ended the day 1.07% lower at $66.82 after falling to an intra-day low of $66.11. Despite the pullback yesterday, the company's shares have gained 2.75% in the last three sessions. Year-to-date, the stock has gained more than 26%, outperforming the broad market. Shares of PSX recently broke through $66 resistance level, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. It is also trading well above its 50-day and 200-day moving averages. Sign up for the free technical analysis on PSX at
Marathon Petroleum Corp.'s shares saw a sharp decline on Thursday. The stock fell to an intra-day low of $89.04 before finishing the day 2.27% lower at $89.06. Despite the sharp decline, Marathon Petroleum Corp.'s shares are up nearly 1.30% for the week. The stock is currently trading close to its 52-week high of $91.23. The company's shares have had an excellent run so far in 2013, gaining nearly 42%. The stock's MACD chart, however, is currently giving a bearish signal. Download the free report on MPC by registering at
Shares of Murphy Oil Corporation edged lower in Thursday's trading session. The stock closed 0.91% lower at $61.28, taking its losses for the week to nearly 1.40%. The company's shares fell to an intra-day low of $60.99 yesterday. Year-to-date, Murphy Oil's shares have gained more than 3.40%, underperforming the broad market. The stock has traded sideways over the past one month, struggling to break through $62 resistance level. The refiner's shares are currently trading above their 50-day and 200-day moving averages. The stock's MACD, however, has just crossed below the signal line, which suggests that market sentiment has turned bearish on the stock. The free report on MUR can be downloaded by signing up now at
Shares of Delek U.S. Holdings Inc. have risen sharply this year. Year-to-date, the stock has gained more than 57%, easily outperforming the S&P 500. On Thursday, Delek U.S. Holdings Inc. shares rose 0.76% to $39.69 after touching an intra-day high of $39.99. The stock, however, has been struggling to break through $40 resistance level. The stock's MACD has also slipped below the signal line, which is a bearish signal. Free report on DK can be accessed by registering at
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