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Crack Spread
(redirected from Crack Spreads)

    Also found in: Wikipedia 0.01 sec.
Crack Spread
A spread involving oil futures. In a crack spread, an investor takes a long position in crude oil futures and a short position in refined oil futures. This allows the investor to create an artificial position on the price of refining oil. Refineries are the most likely investors to enter into a crack spread. See also: Crush spread.
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The market for all Gulf grades have been supported in recent months by strong crack spreads for naphtha and middle distillates, coupled with expected peak winter demand for heating oil.
Mideast Crude Watch- Dubai spread flips to backwardation by Daily News Egypt (Egypt)
This increase primarily resulted from higher West Coast 3/2/1 crack spreads and greater light/heavy spreads.
Alon USA Reports Third Quarter Results by PR Newswire
Harmonising trade schedules with Middle East crudes, robust gas oil crack spreads and high freight rates allowed Rosneft, ESPO's and Russia's top oil producer, to sell seven lots for loading in August and September at premiums of between 15 and 42 cents a barrel to Dubai quotes.
Russian ESPO crude prices soar by Oil & Gas News
 
 
 
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