StockCall Early Morning Insight into Phillips 66, Marathon Petroleum, Murphy Oil, and Delek US

Apr 23, 2013, 08:00 ET from

LONDON, April 23, 2013 /PRNewswire/ --

Refiners have been facing significant challenges over the last few years. A slowdown in the U.S. economy has hurt demand for refined products. In addition, refiners have also been facing margin pressure. However, the outlook for U.S. refiners such as Phillips 66 (NYSE: PSX), Marathon Petroleum Corp. (NYSE: MPC), Murphy Oil Corporation (NYSE: MUR), and Delek U.S. Holdings Inc. (NYSE: DK) has improved significantly on account of developments in shale oil and gas. The substantial increase in domestic crude oil and gas production has led to lower costs for U.S. refiners. Shares of oil & gas refiners ended mostly higher in Monday's trading session, tracking gains in the broad market. StockCall has issued technical analysis and charting reports on PSX, MPC, MUR, and DK. Download these free reports now at

Shares of Phillips 66 rose sharply on Monday. The stock closed 2.75% higher at $59.43 on volume of 3.66 million after trading between $58.07 and $60.34. Shares of PSX bounced back yesterday after struggling last week. The stock is now facing resistance at around $60. Despite struggling last week, the company's shares have gained nearly 12.50% in 2013 so far, compared to a gain of over 9.50% for the S&P 500. The stock is currently trading below its 50-day moving average. Download the free research on PSX today by registering at

Another major gainer in the oil and gas sector yesterday was Marathon Petroleum Corp. Shares of the Findlay, Ohio-based company ended 1.57% higher at $79.99 on volume of 2.89 million after trading between $77.96 and $80.84. Shares of MPC have now gained more than 4.40% in the last three trading sessions. Year-to-date, the stock has gained more than 27.50%, outperforming the broad market. However, the stock is currently trading below its 50-day moving average, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Sign up and have access to our free report on MPC at

Murphy Oil Corporation's shares edged lower on Monday; however, the losses were limited. The stock closed 0.33% lower at $60.40 on above average volume of 1.58 million. Shares of MUR have been facing stiff resistance at around $62. The stock currently has support at $60. The company's shares recently slipped below their 50-day moving average, which is a bearish signal. The stock's MACD has also slipped below the signal line and the zero-line, which further confirms the downbeat trend. Year-to-date, Murphy Oil's shares have gained nearly 2%. Sign up and read the complimentary report on MUR at

Shares of Delek U.S. Holdings Inc. rose yesterday, extending their gains from previous trading sessions. The stock closed 0.56% higher at $35.68 on volume of 679,627, taking its gains in the last three sessions to over 4%. Year-to-date, the stock has gained more than 42.20%, easily outperforming the S&P 500. Despite the gains, shares of DK are still trading 13.75% below their 52-week high. The stock is also trading below its 50-day moving average. Delek's shares are currently facing resistance at around $40. They have support at $34. The free report on DK can be downloaded by signing up now at

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