Refiner margins have rebounded. Refiners buy crude oil and refine it into various products. If one can sell those products for more than the price of a barrel of oil, a profit is to be had. This is commonly referred to as the 3-2-1 crack spread.
Refiner margins have rebounded. Refiners buy crude oil and refine it into various products. If one can sell those products for more than the price of a barrel of oil, a profit is to be had. This is commonly referred to as the 3-2-1 crack spread.