Crack spreads have been volatile- They are the key for refining companies Valero bounces on optimism and a rising gasoline crack Marathon is the leader in refining

In the world of crude oil, the crack spread measures the price difference between the raw energy commodity and oil products. Most consumers do not purchase crude oil for their energy needs; they are direct or indirect buyers of gasoline and distillates. Gasoline is the most ubiquitous oil product. Anytime we fill up our automobile with gas, we are a direct consumer of the oil product. Heating oil futures that trade on the NYMEX division of the Chicago Mercantile Exchange are a proxy for other distillate fuels like jet and diesel fuels.

Refiners like Valero Energy Corporation (VLO)

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