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Oil refiner HF Sinclair posts profit ahead of estimates on upbeat margins

HF Sinclair beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by better-than-expected refining margins and throughput. Bigger rivals Valero Energy, Marathon Petroleum and Phillips 66 also beat earnings expectations on the back of stronger margins. HF Sinclair's consolidated gross refining margin fell to $13.88 per barrel in the fourth quarter from $23.47 a year earlier, while refinery throughput fell marginally to 664,390 barrels per day (bpd).
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Source: yahoo.com

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