Oil refiners had a marvelous run in 2012. After Phillips 66 (NYSE: PSX ) was spun off its parent company, ConocoPhillips, just over a year ago, shares in the company have shot up 70%. Phillips 66 isn't the only company that has had a great run lately. Thanks to cheap feedstocks in the U.S. and premium markets abroad thirsting for refined product, refiners across the U.S. have seen some of the best results in years.
With prices for domestic crudes getting closer and closer to the foreign benchmarks, and the price of oil climbing faster than the price for gasoline, the oil refiner space is losing its luster. Can the industry keep it going for a while longer? Tune into the video below where Fool.com contributor Tyler Crowe takes a look at the refining industry and points out a couple companies that will survive the sting better than others.
The price of oil can be a major factor in which parts of the oil industry will thrive and which will suffer. We at the Motley Fool want to help you better understand this complex industry so you can make sound investments that will stand the test of time. Check out our special free report, "3 Stocks for $100 Oil", which will help to outline how oil prices can affect the industry in good ways. For access to this report simply click here.