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Alon USA Partners, LP Message Board

  • kaps1992@att.net kaps1992 Nov 13, 2013 10:34 PM Flag

    Crack Spreads Highest Since August: $20.27/barrel

    Excerpts from Bloomberg article titled: Crude Rises as Fuel Price Gain Spurs demand For Oil

    The profit from processing three barrels of crude into toe of gasoline and one of heating oil, based on New York futures settlement prices, rose 95 cents to $20.27 a barrel, topping $20 for the first time since August.

    “We’re now looking at two separate oil markets that are moving different factors,” said Rob Haworth, a senior investment strategist in Seattle at U.S. Bank Wealth Management, which oversees about $112 billion of assets. “Brent is moving higher because of sanctions against Iran and unrest in Libya, while WTI has been under pressure because in the U.S. there’s plenty of inventory and production.”

    Sentiment: Strong Buy

 
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