iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Oil Drops; Crack Spreads Widen

Crude is down more than 2% and gasoline is off by 1.3%, lending to strength in crack spreads. At the moment, spreads are up 2.4% to $28.23.

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6 comments

  1. pedro

    make that 3.3%. is $30 crack the straw that breaks the camel’s back and if it doesn’t attract new buyers, at least force shorts to cover?

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  2. The Fly

    No way. LOL

    The higher the crack, the more egregious EPS.

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  3. Rat Fink

    Well, I told you, didn’t I?

    And got banned for me troubles, also!

    SNOT fair!

    Unban Rat Fink!

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  4. The Fly

    Told me what? S&P would do this? Refiners are UP from when you said they’d trade lower.

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  5. Rat Fink

    I told you the market was going down

    enuff said

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