Shares of PBF Energy Tank on Oil Price Spike
Shares of oil refiner PBF Energy (NYSE: PBF) are down 9.7% as of 11:00 a.m. EDT today. The stock drop comes on the heels of an 11% spike in Brent crude oil prices that is likely going to raise input costs in the short term.
With oil prices rising quickly today, it's a bit surprising that PBF Energy is one of the only major oil refiners in the U.S. that is seeing its stock decline substantially; several of its peers are up.
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Source Fool.com
