Crack Spread

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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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References in classic literature ?
They are all so delightfully clever and unusual and interesting," piped the Wax-moth from a crack above them.
All at once over that man's face there came an ex- pression of horror and incredulity, as though he had seen a crack open out in the firmament.
He'll crack a crib in Scotland one week, and be raising money to build an orphanage in Cornwall the next.
and the little girl drew forth a long knife, from a crack in the wall, and let it glide over the Reindeer's neck.
The plaster, discolored by the steam of many wash-days, was crisscrossed with cracks from the big earthquake of the previous spring.
She found that the medicine did really diminish, but it did not occur to her that the boy was mending the health of a crack in the sitting-room floor with it.
No--nothing, except he seems so scary, and keeps his doors locked night and day both, and when you knock he won't let you in till he opens the door a crack and sees who it is.
Just another nut --or two nuts; let me crack them for you," said the Chipmunk.
A great boaster was he withal, and to-day he strutted about on one of these corner stages, and vaunted of his prowess, and offered to crack any man's crown for a shilling.
A quarter of an hour later I was rushing up and down the room in frenzied impatience, from minute to minute I went up to the screen and peeped through the crack at Liza.
This is about the toughest nut he's ever had to crack, but he's cracked it all right.
Ay," quoth Little John, "had I but mine own good staff here, it would pleasure me hugely to crack thy knave's pate, thou saucy braggart