Marathon Petroleum Corp. stock remains steady Wednesday, underperforms market - MarketWatch
Marathon Petroleum Corp. stock remains steady Wednesday, underperforms market - MarketWatch
Shares of Marathon Petroleum Corp. MPC were unchanged Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.96% to 5,000.62 and the Dow Jones Industrial Average DJIA rising 0.40% to 38,424.27.
Marathon Petroleum Corp. closed $3.45 short of its 52-week high ($173.33), which the company reached on February 6th.
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Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.