Flash: Crack Spreads Approaching $24

Crack spreads are up another 1.8% today, following yesterday’s 5.5% surge, to $24 (new highs).

Refinery related names are reacting in kind, with gains in ALJ (+7.4%), CVI (+3.4%), VLO (+1.6%) and TSO (+1.5%)

UPDATE: Spreads closed up 2.27% to $24.08.