Weekend markets update: #DAX# 26048 +0.02% #DOW# 53241 +0.03% #NASDAQ# 29527 +0.13% #FTSE# 10825 +0.01% #HANGSENG# 25678 +0.02% #EURUSD# 11614 -0.01% #GOLD# 4436 +0.14% #USOIL# 9050 +0.79%

Weekend markets update: #DAX# 26563 -0.03% #DOW# 53604 +0.09% #NASDAQ# 29510 +0.18% #FTSE# 10819 -0.04% #HANGSENG# 25549 -0.02% #EURUSD# 11583 +0.01% #GOLD# 4469 +0.31% #SILVER# 6639 -0.03% #USOIL# 8264 -0.46%

Weekend markets update: #DAX# 26563 -0.03% #DOW# 53608 +0.09% #NASDAQ# 29493 +0.12% #FTSE# 10819 -0.04% #HANGSENG# 25549 -0.02% #EURUSD# 11583 +0.01% #GOLD# 4468 +0.28% #SILVER# 6639 -0.03% #USOIL# 8261 -0.48%

Weekend markets update: #DAX# 26150 +0.15% #DOW# 53281 +0.04% #NASDAQ# 29230 -0.21% #FTSE# 10819 +0.08% #HANGSENG# 25943 +0.18% #EURUSD# 11678 +0.02% #GOLD# 4599 -0.09% #SPCX# 13608 -0.17% #USOIL# 8691 +0.58%

Weekend markets update: #DAX# 26437 -0.04% #DOW# 53680 -0.02% #NASDAQ# 30054 +0.01% #FTSE# 10753 -0.02% #HANGSENG# 25230 -0.02% #EURUSD# 11570 -0.01% #GOLD# 4383 +0.14% #SILVER# 6470 -0.02% #USOIL# 8129 -0.44%

US oil refiners are set for an economic boom. The S&P 500 Oil & Gas Refining & Marketing index is now up +108% in 12 months, to ~3,250 points, near its all-time high. The index tracks large US companies involved in refining, marketing, and transporting oil and gas. This marks its largest 12-month increase since the 2020 pandemic recovery. Over the last 30 years, the only other comparable periods of strength were recorded in 2013 and 2005. Since April 2025, oil and gas refining stocks have surged a massive +175%. Markets are bracing for a US oil refining surge.

US Oil continues to be bullish on the daily chart. Three of four targets have been hit so far. Fourth target sits near $100, flip that resistance into support and we could see higher prices.