Oil Stocks Rise as Trump Eases Diesel Rules, Defers Tax
Shares of Valero Energy (VLO), Marathon Petroleum (MPC), Sunoco (SUN), and Phillips 66 (PSX) climbed overnight after President Trump's administration signed an executive order to temporarily allow off-road dyed diesel for highway use and defer federal fuel taxes.
Shares of Valero Energy Corp. (VLO), Marathon Petroleum Corp. (MPC), Sunoco, Inc. (SUN), and Phillips 66 (PSX) edged higher in the overnight session late on Monday after President Donald Trump’s administration signed an executive order to temporarily allow off-road dyed diesel for highway use and d…