Cracks provide support for crude oil

July 27, 2015

Recently the price of crude oil has dropped below the $50 level once again. The bears have come out of hibernation and are now calling for much lower prices once again. In my latest work for Seeking Alpha I explain why crack spreads are saying, not so fast, and those who ignored these processing spreads in January got toasted and roasted when oil rallied by over 45% from the lows.

Article: Cracks provide support for crude oil

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