I agree with griffin32, the chart is clocked at May for summer delivery. Trading HFC based upon the "spread" might not be worth it unless you have the time and money. A lot of people sold the drop this morning, just as Brent bounced.
I would not trade HFC the day after a Jennings Press Release. In fact, our club is coming to the point of saying betting against oil and HFC is a tough trade.
IT IS 4 DAYS LATER,and hfc is stronger after a terrible pasting yesterday (same for all 6 refiners)
No doubt they are all manipulated by the same people,as they pretty much go in tandem,and are way too volatile for it to be from normal trading.Obvious black-box trading going on. (Hfc fell 1% in only 10 minutes this am.)