Valero Energy stock jumps 4% as California imports plan and Venezuela oil headlines hit refiners
Valero shares climbed 4.4% to $186.08 after the company announced it will idle its Benicia refinery in phases starting February, maintaining Northern California supply through inventories and imports. U.S. gasoline inventories jumped 7.7 million barrels to 242 million, while crude stocks fell 3.8 million barrels, according to the EIA.