NEW YORK, January 1, 2026, 21:14 ET — Market closed.
- PBF Energy last closed at $27.12 on Dec. 31, up 4.15%, with U.S. markets shut Thursday for New Year’s Day.
- Fresh U.S. inventory data showed a crude draw but big builds in gasoline and distillates as refinery runs stayed high.
- Oil finished 2025 with its steepest annual drop since 2020, keeping the spotlight on refining margins into early 2026.
PBF Energy (PBF.N) shares last closed at $27.12 on Dec. 31, up 4.15% on the day, and last traded at $27.24 in after-hours dealing, according to Yahoo Finance.
U.S. stock markets were closed on Thursday for the New Year’s Day holiday and are set to reopen for regular trading on Friday.
That pause matters for refiners because the first session of the year often brings position resets, and PBF’s shares have been moving with shifts in fuel margins and U.S. supply data.
Investors are also recalibrating expectations for 2026 oil and product markets after a volatile year for crude prices and a late-December inventory report that underscored how quickly refinery economics can swing.
On Wednesday, the U.S. Energy Information Administration reported crude inventories fell by 1.9 million barrels last week, while gasoline and distillate stockpiles jumped as refinery utilization held near 95%. “Year end numbers tend to be distorted,” said Josh Young, chief investment officer for Bisons Interests. Reuters
Oil prices, meanwhile, ended 2025 with their biggest annual percentage drop since 2020, Reuters reported, with Brent settling at $60.85 a barrel on Dec. 31 and U.S. WTI at $57.42. The report also flagged an OPEC+ meeting scheduled for Jan. 4 and cited a BNP Paribas view that Brent could dip into the mid-$50s in the first quarter before recovering later in 2026.
PBF is one of the largest independent petroleum refiners and suppliers of transportation fuels and other petroleum products in the United States, the company says.
For refiners such as PBF and larger peers including Valero, Marathon Petroleum and Phillips 66, traders often watch the “crack spread” — the gap between crude oil costs and the prices of fuels like gasoline and diesel — because it is a quick proxy for refining profitability.
Wednesday’s EIA report was a mixed read for that metric: strong refinery runs can support volumes, but big increases in gasoline and distillate inventories can weigh on fuel prices if demand does not keep up.
Before next session, investors will be watching Friday’s reopen for how PBF trades alongside crude and fuel futures, and whether early-year flows amplify moves tied to margins and inventory data ahead of the Jan. 4 OPEC+ meeting.
Beyond the macro tape, PBF’s next major catalyst is its fourth-quarter 2025 earnings report. The company has said it plans to release results on Feb. 12, with a conference call scheduled for 8:30 a.m. ET.
On the chart, traders are also likely to keep an eye on the Dec. 31 range — a low of $25.65 and a high of $27.51 — after the stock finished the session near the top of that band on volume of about 4.14 million shares, according to Yahoo historical data.
With oil ending 2025 under pressure and product balances shifting after the holidays, the next signposts for PBF will be early-January moves in fuel margins and the next round of U.S. inventory data that helps set expectations for first-quarter refining profitability.
