Weekly Refining Margin Monitor (CVX, HES)

Analysts at UBS (NYSE: UBS) have released the weekly refining margin monitor for the US.

According to the analysts, refining margins strengthened as gasoline prices outpaced crude oil. The weekly US composite margins rose $0.49/Bbl to $6.21/Bbl. Commodity prices were strong on the back of positive economic data, with crude oil rising 8%. According to analysts at UBS, margins rose in all regions of the US except the West Coast.

Among the companies in the sector, analysts at UBS rate Chevron Corporation (NYSE: CVX), and Hess Corp. (NYSE: HES) as a Buy.