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Merchant refiner Delek US Holdings (DK) has seen its share price collapse by 60% or more on two different occasions over the last five years. The first such decline occurred as the price of WTI crude experienced a major downturn in late 2015 and early 2016. History then repeated itself in March of this year as the combination of the global COVID-19 pandemic and price war between Saudi Arabia and Russia caused crude prices to rapidly fall to multi-decade lows. In fact, Delek's share price has closely tracked the price of WTI crude