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Frontier Oil Swings to 3Q Loss On Weaker Refining Margins
Discuss
07/Nov/2009
The Wall Street Journal
Frontier Oil Corp. (FTO) swung to a wider-than-expected third-quarter loss on weaker margins and weak demand.
U.S. fuel refiners have been squeezed by strengthening crude price and weak demand for gasoline, with Sunoco Inc. (SUN) last month becoming the first oil company to close a major U.S. refinery.
For more on this:
http://online.wsj.com/article/BT-CO-20091105-709579.html
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