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

Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s