Commodity prices can affect energy stocks differently depending on the company’s business. Supply and demand have a major impact on integrated and independent oil and gas producers. Refiners may benefit when crude oil prices fall because their feedstock costs less, while their margins are also influenced by crack spreads—the difference between crude oil prices and the prices of products made from it.
verifiedCite
While every effort has been made to follow citation style rules, there may be some discrepancies.
Please refer to the appropriate style manual or other sources if you have any questions.
Select Citation Style