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Crack Spread |
Also found in: Wikipedia | 0.09 sec. |
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Crack Spread The spread created when purchasing oil futures and offsetting the position by selling gasoline and heating oil futures. Notes: As the two futures contracts within the spread are relatively similar, risk is hedged against. The name is derived from the fact that "cracking" oil produces gasoline and heating oil. Thus, oil refiners are able to generate residual income by entering into these transactions.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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? Mentioned in | ? References in periodicals archive | |
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During the mid-1980s, the use of crack spread widely, especially in inner-city New York. As compared to the hurricane-driven volatility of last year's third quarter, the relative stability this year resulted in higher wholesale market spreads and better realizations of the benchmark crack spread. The risk of persistent $2-plus per gallon jet fuel has abated somewhat in recent weeks with the narrowing of the crack spread between crude oil and refined product prices. |
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Crack Spread
