Steve Grasso: Market anticipates lower oil boosting refiners outlook

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Parshwa Turakhiya

05.03.2026

Steve Grasso: Market anticipates lower oil boosting refiners outlook — Oil set to fall aiding refiners

Oil prices are set to head lower, creating a favorable environment for refiners according to Steve Grasso.

Grasso observed that while large integrated energy companies have stalled in their rallies, refiners are showing positive momentum by turning green. He interprets this market action as a sign that investors expect lower oil prices, which would serve as a tailwind for refiners but pose a headwind for other segments of the energy sector.

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