Oil & Gas Refining & Marketing

VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded 15.10% lower today, and it closed at $44.99. TVIX had a volume of 385K traded shares, and its average volume is 173K shares. Direxion Daily Energy Bear 3X Shares (ETF) (NYSE: ERY) fell 7.88% as Schlumberger Limited (NYSE: SLB) traded 4...

In a report published by Jefferies, Green Plains (NASDAQ: GPRE) ethanol futures curve is improving. Jefferies said that following an 11% decline in corn prices since the end of February and only a 7% decline in the price of ethanol, the ethanol production cost curve appears to be improving. “While...

On CNBC's Fast Money, Joe Terranova said that if you like the FedEx's (NYSE: FDX) story you will like the rails too. This trade removes the risk of fuel. Guy Adami commented that if you like the FedEx's story, and you like the rails, than you will like Wabtec Corporation (NYSE: WAB). Wabtec...

Western Refining, Inc. (NYSE: WNR) shares continue to fly higher on the back of lower oil prices, gaining 2.4% to $16.49, a gain of 2.7% for another 44 cent gain today. Volume is fairly strong, having traded 2.6 million shares, which is below the 4.3 million share average daily volume. Western...

Below are the top small-cap basic materials wholesale stocks on the NYSE, the NASDAQ and the AMEX in terms of cash. LB Foster Company (NASDAQ: FSTR) had $144.18 million in total cash and $16.40 million in total debt for the latest quarter. Aegean Marine Petroleum Network Inc (NYSE: ANW) had $86....

Shares of Sunoco, Inc. (NYSE: SUN) are lower on the session by 3.26%, trading at $42.42. Overall put volume is now running at 2.38x the daily average, with 33% of all puts traded being purchases on the offer. 4,002 contracts have traded on the session so far. Sunoco, Inc. is a holding company...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that NVIDIA (NASDAQ: NVDA) is “done.” He added, “I'm not looking back. The money has been made." For Clean Energy Fuels (NASDAQ: CLNE), he said, "No, no, no. We're not going to recommend that stock until the government recognizes...

Goldman Sachs issued a report revealing that Valero (VLO) has acquired Chevron's Pembroke Refinery. Goldman Sachs reports” On March 11, Valero announced that it had reached agreement to acquire Chevron's 270,000 b/d Pembroke refinery (Wales, UK) as well as its marketing and logistics assets in the...

Cusick's Corner Nice bounce with authority. The After Hours were solid, trading with strong volume and wider scope. The bulls have the conviction coming into the weekend. All eyes will be on Asia, monitoring Japan, and any further activity in the Middle East. Have a good weekend. Stocks are...

Cusick's Corner The market was relatively strong into the Midday in the face of the tragedy in Japan, but support is now resistance. 1300 is that S&P level where support was holding up until the last two sessions. The market will need to do some work into the After Hours in order for the...

Positive Chatter Circulates In Clean Energy Fuels Corp (NASDAQ: CLNE) As A Result Of Obama's Live Speech From Washington.

Shares of Western Refining, Inc. (NYSE: WNR) are sharply higher this morning, gaining more than 8% this morning to $15.28, a gain of $1.14 on more than 2 million shares. Western Refining, Inc., through its subsidiaries, operates as an independent crude oil refiner and marketer of refined products...

Verenium Corporation (Nasdaq: VRNM) today announced that it repurchased $28.4 million in principal amount of its outstanding convertible notes in a series of privately-negotiated transactions. As part of these transactions, the Company repurchased $19.9 million in principal amount of its 5.5%...

Morgan Keegan has raised the price target on Delek U.S. Holdings (NYSE: DK) from $10 to $13.50

Pre-open moversUS stock futures are lower this morning, after a strong earthquake in the northeastern part of the Japan. The tsunami warnings were also issued for Hawaii, parts of the West Coast of the US and 19 other countries. Futures on the Dow Jones Industrial Average dipped 50 points to 11,870...