Valero Energy Refinery Fire Won't Deter Stock Rally Despite Rising Fuel Prices
ByAinvest
Tuesday, Mar 24, 2026 2:49 pm ET1min read
VLO--
Valero Energy, a US refining giant, has shut a major oil refinery in Texas after a fire broke out at a critical diesel-processing unit. Despite the incident, the company's stock is rising due to higher fuel prices. The fire did not result in major injuries and Valero is expected to recover quickly.
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