This morning, the important oil refinery sector is coming under selling pressure. Leading oil refinery stocks such as Tesoro Corporation (NYSE:TSO), Phillips 66 (NYSE:PSX), Marathon Petroleum Corp (NYSE:MPC), and Western Refining Inc (NYSE:WNR) are all declining at the start of the trading session. Day traders should watch Tesoro Corporation stock around the $63.15 level. This is an area where the stock should stage an intra-day bounce.
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