Murphy USA Stock (NYSE:MUSA) to Benefit from 2 Brewing Catalysts

Murphy USA Stock (NYSE:MUSA) to Benefit from 2 Brewing Catalysts

The signs offer encouragement, per the news agency. “Overseas ticket searches for Golden Week are 120 per cent of the level in 2019, state media reported,” which cited an estimate from a Chinese multinational online travel firm.

Moreover, Shi Fenglei, a director covering Chinese oil markets at S&P Global Commodity Insights, added that “Mainland China’s domestic jet fuel demand has almost fully recovered, while international jet fuel demand has recovered to close to 70 per cent of pre-Covid-19 levels.”

Cynically, such a backdrop could augment the profitability metrics undergirding MUSA stock. As well, higher prices tie into other key narratives for Murphy USA.