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 ?
At this a score of idlers reached him their staves--being ready enough to see another man have his head cracked, even if they wished to save their own--and he took the stoutest and heaviest of all.
"'Tis he that hath but now so soundly cracked the crown of Eric of Lincoln," was the reply.
Then Eric stepped back to gather his wits, while a great shout went up and all were glad that Nottingham had cracked Lincoln's crown; and thus ended the first bout of the game.
"Who is yon stranger clad all in scarlet?" said some, and others answered, "It is he that hath but now so soundly cracked the crown of Eric o' Lincoln." Thus the people talked among themselves, until at last it reached even the Sheriff's ears.
The young woman stepped into the cab; the doors shut with a bang; Jerry's whip cracked in the air; the crowd in the gutter scattered, and the fine hansom dashed away 'crosstown.
When the oat-spry horse had hedged a little his first spurt of speed Jerry broke the lid of his cab and called down through the aperture in the voice of a cracked megaphone, trying to please:
When homeowners notice an unsightly crack in their wall, they'll often turn to spackle.
Penang Chief Minister Chow Kon Yeow has ordered state exco Zairil Khir Johari to conduct an investigation into the cracks that appeared on a newly repaired road heading to Balik Pulau.
In Guns and Violence: The Enduring Impact of Crack Cocaine Markets on Young Black Males (NBER Working Paper No.
The Torque Lock Staple has a unique method of application using a metal stitching to create a controlled compression to secure structural cracks with a stabilization that ensures the crack will not widen or spread, even with time.
[16] studied the crack propagation in the rock specimen with the inclined crack under uniaxial compression and found that the crack growth direction was deviated from the initial crack direction and propagated from the crack tip toward the loading plates.
The unique advantages of simulating crack propagation in homogenous material such as rock and concrete materials have been demonstrated [12].