Oil and Gas Stock Roundup: Harvey Looms Large

The epicenter of the U.S. oil and gas industry experienced a devastating blow this week as Hurricane Harvey plowed through Houston, leaving massive destruction in its wake. While the region is still tallying up the toll from that storm, one of the major impacts is that as much as a quarter of the country's refining capacity went offline, which is causing gas prices to spike. In addition to that, the industry temporarily shut down a portion of the output from the Gulf of Mexico as well as slowed drilling activities in the Eagle Ford Shale. These factors could have a significant impact on the oil market in the weeks ahead as the industry works to get everything sorted out.

While that near-term uncertainty weighed on much of the energy market this week, it also shined a light on companies that stand to benefit from the current market dislocation. Smaller refining-related companies that operate away from the country's energy center soared this week, according to data from S&P Global Market Intelligence. Here's a look at why investors piled into these stocks.

Image source: Getty Images.

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Source: Fool.com