Assuming all other factors to be STP, the stock of an integrated oil company would rise.How does the price of crude oil affect the price of oil related stocks?
It depends on their refining margins. Thats the difference between what they can buy or produce the oil for and what they can sell their refined products for. The bigger the difference the more money Exxon can make and the more they should be worth. But if oil prices increase and the profit margins on their refined products decrease that would probably cause the stock price to decrease.
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