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The Zhitong Finance App learned that on Wednesday, the US stock oil and gas refining and sales concept increased. PBF Energy (PBF.US) rose more than 5%, Valero Energy (VLO.US) rose more than 4% to break a record high, and Phillips 66 (PSX.US), Marathon Crude Oil (MPC.US), and HF Sinclair (DINO.US) rose more than 2%. According to the news, Trump said on Tuesday that Venezuela will hand over 30 million to 50 million barrels of sanctioned oil to the US and sell it at market prices. Phillips 66 said that the potential restart of the Venezuelan oil industry will provide a significant boost to fuel producers that rely on heavy crude oil.

Zhitongcaijing·01/07/2026 15:41:20
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The Zhitong Finance App learned that on Wednesday, the US stock oil and gas refining and sales concept increased. PBF Energy (PBF.US) rose more than 5%, Valero Energy (VLO.US) rose more than 4% to break a record high, and Phillips 66 (PSX.US), Marathon Crude Oil (MPC.US), and HF Sinclair (DINO.US) rose more than 2%. According to the news, Trump said on Tuesday that Venezuela will hand over 30 million to 50 million barrels of sanctioned oil to the US and sell it at market prices. Phillips 66 said that the potential restart of the Venezuelan oil industry will provide a significant boost to fuel producers that rely on heavy crude oil.