As oil drops, spread are widening, a huge windfall for refinery stocks. Essentially, crude is dropping faster than heating oil/gasoline, leading to widening spreads. At the moment, spreads are at $24+, up 1.18%
If you enjoy the content at iBankCoin, please follow us on TwitterRelated Articles
Don’t Do The Crime Unless You Can Pay the Fine
August 7, 2014
State of the Union: Hopes are Dashed
August 6, 2014
1 in 3 Americans are in Financial Ruin
July 29, 2014