Refinery Stocks Ride Trends To Better MarginsRefinery stocks have been in a market sweet spot for some time. IBD's Oil & Gas-Refining/Marketing industry group outperformed the Nasdaq and the S&P 500 in each of the past four years. So far this year, the group is up 18% vs. mid-single-digit gains for the major stock indexes. Three things are currently helping refinery stocks. First, no refinery has been built in the U.S. since 1976. Although existing refineries have expanded capacity sharply
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