The crack spreads are insane. This is a warning paper markets are ignoring. All we need in one hurri…
The crack spreads are insane. This is a warning paper markets are ignoring. All we need in one hurricane to shut down rigs in the gulf on top of everything else. You can only manipulate paper oil markets for so long. The current price of crude is saying one of two things...the paper markets aren't telling the truth...or we are in a global recession. I believe it's the former. Though the former could lead to the later. JMHO https://energynewsbeat.co/crude-oil/oil-prices-ignore-the-warnings-of-the-physical-markets-refinery-crack-spreads-grow/
