Great article; a strategy that I was not aware of and makes perfect sense for the current state of things (refiners massively cutting back production; unrefined oil sitting in tankers idly at sea). I was wondering the same thing as wosg though; can you specifically tell us the contracts that you're quoting above?
Crack Spread 'Yes' Futures 'No' [View article]
Great article; a strategy that I was not aware of and makes perfect sense for the current state of things (refiners massively cutting back production; unrefined oil sitting in tankers idly at sea). I was wondering the same thing as wosg though; can you specifically tell us the contracts that you're quoting above?