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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

33.27

-1.3600-3.93%

Pre-market: 33.750.4800+1.44%08:45 EDT

Volume:854.67K

Turnover:28.89M

Market Cap:98.83M

PE:49.88

High:34.47

Open:33.50

Low:33.24

Close:34.63

52wk High:99.00

52wk Low:33.24

Shares:2.97M

Float Shares:2.97M

Volume Ratio:1.15

T/O Rate:28.77%

Dividend:1.56

Dividend Rate:4.69%

EPS(TTM):0.6670

EPS(LYR):0.0760

ROE:--

ROA:--

PB:--

PE(LYR):437.73

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Overview Company News Filings

Crude Oil Prices Surge as Middle East Tensions Escalate

Auto & Transport Roundup: Market Talk

Energy & Utilities Roundup: Market Talk

Gold Awaits Key Jobs Data While Crude Faces Pullback Risks After Fresh Surge

Global Energy Roundup: Market Talk

Europe Joins Global Bond Selloff as Middle East Hostilities Lift Oil Prices

Dow Jones Top Energy Headlines at 4 am ET: BP Appoints Interim Chairman Ian Tyler to Permanent Role | Chevron ...

Global Bond Yields Surge to Multi-Decade Peaks as Oil Prices and Rate Hike Bets Climb in Tandem

Market Close Summary: Mixed Performance in Domestic Futures as Crude Oil Surges Nearly 9%

Dollar Rises to Highest in Nearly Three Weeks vs Basket of Currencies

Oil at $90 and Rising Yields Pressure Assets, Bitcoin Holds Its Ground

Gold Retreats as US-Iran Tensions Intensify and Oil Prices Surge

Asian Currencies Face Headwinds from Rising U.S. Treasury Yields, Oil Prices

Shipping and Express Earnings Soar in Q2, Oil Costs Weigh on Airline Profits, Says Securities Firm

Venezuela Poised to More Than Double Oil Output as US Energy Chief Flags Imminent Agreements

Singapore Dollar Consolidates as U.S.-Iran Conflict Weighs

Oil Price Shock Rattles Global Bond Markets, Equity Selloff May Be Next

Global Equities Roundup: Market Talk

Global Equities Roundup: Market Talk

Trump Wants Big Oil to Build More Refineries. That's a Tough Sell.

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It's Different Than Trump's Big Bet.Chevron already produces about 280,000 barrels of oil a day in Venezuela through joint ventures. The company has said it can expand by another 50% over the next two years,----Oil Stocks Hit New Highs After U.S. Resumes Strikes in Strait of HormuzPetróleo Brasileiro, BP, and Canadian Natural Resources were among the biggest gainers.----Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksRenewed fighting revived concerns the conflict could become more prolonged and further disrupt oil flows through the Persian Gulf, just as supply risks are being compounded elsewhere.----Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleT","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IEO","DUG","FTXN","IXC","WEEI","LU0630314457.HKD","PXJ","LU1162221912.USD","DBE","USL","BWET","FBZ","DIG","FENY","USE","DBO","LU0868494617.USD","IYE","USOI","GXPE","OILT","OILU","BNO","OIH","TRUN","USO","PXE","OILK","CVX","XOP","GUSH","IGE","VDE","WTIU","LU1929549753.HKD","DBC","UGA","TEXU","LU0654597011.USD","DJS","TYL","BK4550","SCO","XES","DRIP","XLE","UCO","ERX","LU0612318385.USD","DRLL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1153270824","title":"Global Bond Yields Surge to Multi-Decade Peaks as Oil Prices and Rate Hike Bets Climb in Tandem","url":"https://stock-news.laohu8.com/highlight/detail?id=1153270824","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1153270824?lang=en_us&edition=fundamental","pubTime":"2026-09-02 15:30","pubTimestamp":1788334239,"startTime":"0","endTime":"0","summary":"During the Asian morning session on September 1-2, a synchronized selloff swept across major global bond markets. 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The U.S. and Iran exchanged fire on Tuesday as the two countries continued to battle for control of the Strait of Hormuz. Brent crude oil rises 1% to $95.62 while bond yields continue to increase due to inflation concerns. The dollar benefits from higher oil prices both because the U.S. is an oil exporter and because of the U.S. currency's safe-haven status. The DXY dollar index rises to a high of 99.808 before pulling back to last trade at 99.723.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["DBE","DRIP","UGA","DBO","DIG","UCO","USL","ERX","COLO","OIH","USE","IXC","XOP","BWET","IEO","FBZ","VDE","FTXN","OILU","OILK","UAE","PXJ","BK4585","PXE","USOI","GUSH","OILT","DUG","BK4588","XES","SCO","WTIU","BK4570","XLE","USO","DBC","DRLL","BNO"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1156231793","title":"Oil at $90 and Rising Yields Pressure Assets, Bitcoin Holds Its Ground","url":"https://stock-news.laohu8.com/highlight/detail?id=1156231793","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1156231793?lang=en_us&edition=fundamental","pubTime":"2026-09-02 14:36","pubTimestamp":1788330980,"startTime":"0","endTime":"0","summary":"West Texas Intermediate crude futures broke above $90 a barrel on September 2, posting a near 9% gain for the week. The climb in oil prices has lifted inflation expectations, narrowing the room for...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["VDE","HIBL","BNO","OBIL","YBTC","FBTC","USPX","BTFX","FNDX","UTES","SIXA","JUNW","TSYX","MNRS","MSST","MSTU","BK4570","09008","DBC","LFGY","CBTJ","CBOY","GSUS","ERX","JMOM","MSTZ","IBTB","MFMO","03008","ARKB","FEX","IYY","07799","STCE","XNTK","CBTO","HODL","MTYY","QJN","TXXH","SAMM","BTCI","BTCZ","BUFD","NCIQ","OOQB","GDLC","MSTK","PXE","XLUX","VFMO","ALTL","QBQF","BTRN","VAIE","CPNM","VTHR","XLEX","SMST","USOI","BMVP","BITO","GBTC","WGMI","BCCC","OILK","BTCW","IUS","CBXJ","KHPI","SPUU","DAPP","FTA","IMST","OIH","GSLC","BTGD","SPY","EQTY","TNmain","BRRR","DYNF","IVV","MAYU","MSLC","BFAP","AESR","SPHQ","USE","BBUS","FFA","GQI","MBCE","MMAX","MSDD","USL","FTXN","CBXY","FLV","BWET","ILCB","JULD","83042","BK4601","KSPY","BK4594","CPNQ","FMTM","MSII","MTUL","NYSX","SCHX","STRV","XYLG","CBOJ","BFJL","DFII","SCLZ","UAE","OILU","SPXL","TDAX","PEJ","UDN","VTG","CAIE","OILT","BK4588","DIG","PXJ","OAKM","BKLG","CBXO","PSMR","TPOR","SPXT","SPYM","CPSM","XVOL","CBXA","BK4581","ONEO","XBTY","EXEQ","IEO","EZBC","LDER","MMAR","ZBmain","ARKY","SBIT","XXV","SDOG","SVOL","BITU","YBIT","AAUA","QB","SPDN","QBF","BK4585","BITB","03439","EBND","IXC","UJAN","UGA","MSTC","BAGY","BITX","DRLL","BETH","DMAX","MPAY","09042","HAPR","MBOX","SPYH","HECO","SPYU","BK4196","MSBT","SMAX","BTC.USD.HKCC","PBJA","BEGS","GVLE","BTCL","DBO","SPYQ","GOVM","PBSE","BTCC","ACLC","BPI","BTC","CBTY","MBTmain","BUFT","BKCH","BITW","BTYB","UBmain","IBTL","OCDB","BITC","MSTW","BK4550","WNTR","CBOO","SPYT","ZFmain","VOO","SH","WAMA","ZTmain","MSTP","XSPI","UUP","03042","09439","VOOV","SPXU","BETE","BK1611","DBE","MST","SCDL","BTC.USD.CC","SPXS","XES","MRCP","RSSY","EDGE","SDS","WEEI","DUG","BITI","DRIP","MSTX","FFLG","BSTP","RSEE","BTCO","QCJA","BITQ","MAXI","RECI","NGHT","CBOA","MSTY","BITY","TPAY","UPRO","IBIT","CRPT","STOX","BTF","TRTY","SSO","YSPY","ZNmain","FNGS","HEQ","07399","DEFI","CBTA","EQL","GUSH","SPIN","WTIU","BXMX","WBIL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1108090123","title":"Gold Retreats as US-Iran Tensions Intensify and Oil Prices Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1108090123","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1108090123?lang=en_us&edition=fundamental","pubTime":"2026-09-02 13:20","pubTimestamp":1788326443,"startTime":"0","endTime":"0","summary":"Escalating conflict between the US and Iran has driven a sharp decline in London spot precious metals overnight, with gold entering a correction phase as it faces dual pressure from hawkish monetary...","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IAU","DGP","PICK","BAR","KGLD","UCO","1OZmain","FBZ","GBUG","ERX","RING","DBO","USE","XES","PXJ","USG","GLL","UYM","OIH","BK4588","XME","BK4504","SGCmain","IXC","USO","DIG","GOAU","DRIP","GDXU","QMmain","BEGS","BZmain","PXE","USOI","JDST","DULL","GDXJ","OILT","BK4207","GLDY","GLDM","VDE","XOP","AAAU","FGBXmain","MCLmain","FTXN","USL","PHYS","GOLY","BNO","SGDM","FLBR","NUGT","SGUmain","159831","DWT","GDXW","OILU","MGCmain","GDX","BGLD","GLD","DRLL","GUSH","GLTR","GDXY","DBC","DUST","CLmain","JNUG","BTGD","SCO","GCmain","IAUM","QOmain","IAUI","DZZ","02840","BK4585","UGL","CEF","OUNZ","SGOL","OILK","PALL","DDG","FGDL","WTIU","518880","BK4535","SHNY","159934","IGLD","DGZ","FAAR","IEO","BK4570","DUG","DBE","UGA","YGLD","GDXD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2664895966","title":"Asian Currencies Face Headwinds from Rising U.S. Treasury Yields, Oil Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2664895966","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664895966?lang=en_us&edition=fundamental","pubTime":"2026-09-02 12:19","pubTimestamp":1788322740,"startTime":"0","endTime":"0","summary":"0419 GMT - Asian currencies face headwinds from rising U.S. Treasury yields and oil prices, MUFG Bank's Lloyd Chan says in a research report. \"Rising oil prices worsen the terms of trade for net energy importers such as Thailand, the Philippines, India, and Korea, while simultaneously boosting inflation expectations,\" the senior currency analyst says. Since the Jackson Hole economic policy symposium last Friday, Treasury yields have surged across the curve, Chan notes. Also, Brent crude oil price jumped 4.6% Tuesday to nearly $95 per barrel after renewed strikes between the U.S. and Iran, Chan adds. The dollar edges 0.1% higher to 33.32 baht and rises 0.3% to 62.609 pesos, LSEG data show.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CIVG","USOI","LFAR","GUSH","DRIP","OILU","DIG","AVIE","DIVZ","BNO","PIT","PXE","CMCI","CDC","USE","DBO","USO","FTXN","CMDT","IXC","IEO","USL","ERX","WTIU","DBC","CPLB","QPX","OILK","UGA","ASET","BWET","DBE","LDER","PXJ","DCMT","OIH","XES","BAMA","BIV","DUG","VDE","VOOV","XLE","DRLL","CGDV","COLO","IUSV","OILT","XOP","MUNX"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1135713088","title":"Shipping and Express Earnings Soar in Q2, Oil Costs Weigh on Airline Profits, Says Securities Firm","url":"https://stock-news.laohu8.com/highlight/detail?id=1135713088","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1135713088?lang=en_us&edition=fundamental","pubTime":"2026-09-02 11:40","pubTimestamp":1788320440,"startTime":"0","endTime":"0","summary":"A recent research report from Sinolink Securities Co., Ltd. highlights that the shipping sector experienced sustained high freight rates in Q2, driven by geopolitical tensions in the Middle East and...","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SDOG","BK0276","DBE","DRIP","UGA","DBO","DIG","BK0012","BK0183","USL","BK0201","ERX","OIH","TPOR","USE","XLEX","BK0188","IXC","BWET","IEO","600109","VDE","FTXN","BOAT","OILU","VOOV","OILK","UAE","PXJ","PEJ","BK4585","PXE","USOI","GUSH","OILT","BDRY","DUG","BK4588","XES","WTIU","BK4570","BK0028","SPXT","DBC","DRLL","WEEI","BNO"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1123907234","title":"Venezuela Poised to More Than Double Oil Output as US Energy Chief Flags Imminent Agreements","url":"https://stock-news.laohu8.com/highlight/detail?id=1123907234","media":"Deep News","labels":["economic"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1123907234?lang=en_us&edition=fundamental","pubTime":"2026-09-02 11:40","pubTimestamp":1788320431,"startTime":"0","endTime":"0","summary":"US Energy Secretary Chris Wright has indicated that a series of agreements are set to be finalized with multiple companies, potentially placing Venezuela on a fast track toward a significant...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"economic","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["XOP","OILT","BNO","XLE","OIH","GUSH","USOI","PXE","USE","WTIU","IXC","159019","USL","XES","DRIP","VDE","OILU","DBC","FTXN","BK4588","DBE","BK4585","ERX","PXJ","BK4570","IEO","DIG","DRLL","OILK"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2664665893","title":"Singapore Dollar Consolidates as U.S.-Iran Conflict Weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=2664665893","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664665893?lang=en_us&edition=fundamental","pubTime":"2026-09-02 11:22","pubTimestamp":1788319320,"startTime":"0","endTime":"0","summary":"0322 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session, but may be weighed by renewed U.S.-Iran conflict that has led to higher crude oil prices. The combination of Brent oil price above $90 per barrel and firmer Fed rate-hike expectations is an \"unfavorable mix\" for Asia, particularly net oil importers, strategists at OCBC say. \"Near term, Asian FX may stay under pressure,\" the strategists add. The U.S. dollar is little changed at 1.2733 Singapore dollars, LSEG data show.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["DUG","IEO","BNO","USL","PXE","UGA","IXC","GUSH","USO","DBE","OIH","OILK","STmain","DRIP","BK4585","BWET","XES","DRLL","BK4588","USOI","WTIU","XLE","DBO","OILU","FBZ","FTXN","OILT","SCO","UCO","BK4570","DIG","XOP","DBC","VDE","ERX","USE","PXJ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1195961595","title":"Oil Price Shock Rattles Global Bond Markets, Equity Selloff May Be Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1195961595","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1195961595?lang=en_us&edition=fundamental","pubTime":"2026-09-02 10:31","pubTimestamp":1788316264,"startTime":"0","endTime":"0","summary":"Escalating crude prices have pushed the already fragile global bond market to a critical juncture. Following the renewed US-Iran conflict, Brent crude surged 4.5% within two days and is up 51%...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["DBC","PEJ","SDOG","OILT","BWET","WTIU","DBO","OILU","DIG","GUSH","DBE","USL","DRLL","BK4570","IEO","WEEI","UGA","VDE","OILK","ERX","XLEX","BK4588","TPOR","USOI","FTXN","USE","IXC","PXE","VOOV","03141","DUG","BNO","SPXT","XES","UAE","BK4585","PXJ","09141","OIH","DRIP"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2664898184","title":"Global Equities Roundup: Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2664898184","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664898184?lang=en_us&edition=fundamental","pubTime":"2026-09-02 10:29","pubTimestamp":1788316140,"startTime":"0","endTime":"0","summary":"The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.0229 GMT - CSL's bulls at UBS don't think the Australia-based pharmaceutical company will exp","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["USE","PXE","FBZ","DBE","BK4585","DIG","GUSH","WTIU","DBC","DRIP","BK4588","ERX","DRLL","IXC","VDE","FTXN","IEO","XES","PXJ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2664983848","title":"Global Equities Roundup: Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2664983848","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664983848?lang=en_us&edition=fundamental","pubTime":"2026-09-02 10:08","pubTimestamp":1788314880,"startTime":"0","endTime":"0","summary":"The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.0208 GMT - The Delhi High Court's appointment of a forensic auditor to trace alleged asset di","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["DBO","USOI","JOYT","PXJ","IEO","GXDW","WTIU","BK4585","OIH","ERX","OILU","PXE","PMDE","UGA","XOP","SCO","BK4570","USL","OILK","IXC","DBE","GUSH","OILT","BWET","BK4588","RGLO","VDE","USE","DBC","BNO","DECU","FEBU","FTXN","VGFPF","DRLL","VOTE","XLE","UCO","XES","FBZ","GUNR","DIG","DUG","USO","DRIP"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2664860775","title":"Trump Wants Big Oil to Build More Refineries. That's a Tough Sell.","url":"https://stock-news.laohu8.com/highlight/detail?id=2664860775","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664860775?lang=en_us&edition=fundamental","pubTime":"2026-09-02 10:00","pubTimestamp":1788314400,"startTime":"0","endTime":"0","summary":"President Trump urged a gathering of oil executives at the White House on Tuesday to build more refineries capable of pumping out fuel, part of his bid to bring down gasoline prices before the November midterms.That's a tough argument to make. Owning an oil refinery is a profitable proposition in the U.S. right now. 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