Strength Seen in Valero Energy (VLO): Can Its 9.2% Jump Turn into More Strength?

Valero Energy (VLO) shares ended the last trading session 9.2% higher at $180.57. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.1% loss over the past four weeks.The surge can be attributed to Valero Energy’s strong foothold in the refining sector and the recent geopolitical developments, which may open the door to Venezuela’s significant oil and gas reserves for U.S. refiners. Venezuelan crude is mainly heavy s ...