Canadian crude to reach U.S. refiners but at wider discount with tariffs, Phillips 66 says

Phillips 66 (NYSE:PSX) ended -2.4% on Friday after reporting a smaller than expected Q4 adjusted loss, helped as the company’s renewable fuels division swung to a profit.

Refining margins continued to decline in Q4, as realized refining margins fell to $6.08/bbl from $8.31/bbl in Q3