Why Marathon Petroleum Stock Hit A New 52-Week High Today
Portfolio Pulse from Henry Khederian
Marathon Petroleum Corp (MPC) shares hit a new 52-week high, trading higher by 1.67% to $156.38. The increase is attributed to the rise in oil prices, which surpassed $90 per barrel. This follows OPEC's maintenance of its growth forecasts and prediction of a supply shortfall, suggesting that global oil supply may not meet demand. MPC can benefit from higher oil prices as it can sell its oil at higher rates, potentially boosting revenues and profits.

September 18, 2023 | 3:11 pm
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Marathon Petroleum Corp's stock is trading higher due to the rise in oil prices. The company can benefit from this situation as it can sell its oil at higher rates, potentially boosting revenues and profits.
The rise in oil prices is beneficial for Marathon Petroleum Corp as it can sell its oil at higher rates. This can potentially boost the company's revenues and profits. The company's stock is trading higher, hitting a new 52-week high, which indicates positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100