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MPC, ANDV, VLO, and PSX: Forecast until September 28

Michelle Rey
MPC, ANDV, VLO, and PSX: Forecast until September 28

Refining stocks’ implied volatilities have fallen in the current quarter. Implied volatility in Valero Energy (VLO) has fallen 9.7 percentage points over July 2 to its current level of 20.8%, marking the highest fall among its peers.