Refiners Would Pay Tariffs on Oil. Why Some Stocks Are Rising Anyway.
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Despite the broader stock market downturn, some major refining stocks are rising. This is occurring even as refiners face potential tariffs on oil imports, which could impact their costs and profitability.
February 03, 2025 | 8:30 pm
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BNO, an ETF that tracks the price of Brent crude oil, may be impacted by potential tariffs on oil imports. However, the ETF is seeing a rise in value despite these concerns.
BNO is directly linked to Brent crude oil prices, which could be affected by tariffs. However, the rise in BNO suggests investor confidence in the oil market's resilience.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80