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Crack |
Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Crack A spread in which an investor has 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 to enter into a crack spread. See also: Crush spread. 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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| Take it from one who first cracked a bottle of celebration champagne withFergie in Gothenburg when his shoe-string Aberdeen team beat the might of RealMadrid in the 1983 Cup-winners' Cup Final to give him his first European trophyand has enjoyed the bumpy ride ever since. Mrs Kinnock, who worked on Sealink ships as a student, cracked a bottle of champagne across the bow of the 240ft Sea Lynx' The He cracked a bottle of champagne over the 45ft blue and white boat, which is named Lady Ann after his doctor wife. |
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