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'Clear bear channel' looms for refinery stocks: Trader

The rise in crude has oil stocks surging this year, but there's one group that hasn't participated in the rally: The refiners.

Shares of Valero, Tesoro and Marathon Petroleum have all fallen double digits in 2016—down 24, 29 and 26 percent respectively. Even worse for investors in those companies, the already dismal returns may lead to even more pain on the horizon, according to one trader.

Andrew Keene, CEO of AlphaShark, sees oil refinery stocks falling in the near future, even as many of them...


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