Marathon Petroleum shares are trading higher after oil surpassed $90 per barrel.
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum's shares are trading higher following the surge in oil prices above $90 per barrel.
September 18, 2023 | 2:02 pm
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POSITIVE IMPACT
Marathon Petroleum's stock price is likely to increase in the short term due to the rise in oil prices.
As a petroleum company, Marathon Petroleum's revenues and profitability are directly linked to oil prices. With oil prices surpassing $90 per barrel, the company's profitability is likely to increase, which is positively reflected in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100