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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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:
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.
Only a moment stood they thus, for Eric, intent on teaching this rash beggar a lesson and sweeping him speedily off the stage, launched forth boldly and gave the other a sounding crack on the shoulder.
"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!
Aunt Polly raised him by the usual handle -- his ear -- and cracked his head soundly with her thimble.
Then the boy cracked his whip and touched the animal's flanks with it, and after a low moan of protest Jim stepped slowly along the road.
"Oh, my head isn't cracked in the least," declared Jack, more cheerfully.
We placed them in depressions in the rock, and, with a piece of rock in our hands, we cracked them and ate them as we cracked.
"The rocks will soon crack the shell," was the Crow's answer; and the Eagle, taking the hint, let fall the Tortoise on a sharp rock, and the two birds made a hearty meal of the Tortoise.
And with these cracked words he finally departed, leaving me, for the moment, in no small wonderment at his frantic impudence.
Some three feet lower, however, his eye lit upon a long jagged crack which slanted downwards, and this he must reach if he would save not only his own poor life, but that of the eight-score men above him.
crack! crack!-- three musket-shots flashed out of the thicket.