Oil refinery profits are tied directly to the spread, or difference, between the price of crude oil and the prices of products that result from refining crude oil: gasoline, diesel fuel, jet fuel and heating oil.
The Crack Spread Handbook provides a thorough explanation of the different ways that the crack spread can be traded, for hedging or profit. Contents include:
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.