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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (24855)	9/19/2006 9:41:13 PM
From: 249443	Read Replies (1) of 78753

Grommit, just a fyi for those unfamiliar with the crack spread definition in general terms: Crack Spread: traderslog.com (1) In energy futures, the simultaneous purchase of crude oil futures and the sale of petroleum product futures to establish a refining margin. See Gross Processing Margin. (2) Calculation showing the theoretical market value of petroleum products that could be obtained from a barrel of crude after the oil is refined or cracked. This does not necessarily represent the refining margin because a barrel of crude yields varying amounts of petroleum products.

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