Crack Spread Hits $65: Too Late to Buy Refiners?
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Russian refinery strikes and the Hormuz blockade pushed diesel crack spreads to $65 a barrel. The winners by region, and why margins may stay high.
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Russian refinery strikes and the Hormuz blockade pushed diesel crack spreads to $65 a barrel. The winners by region, and why margins may stay high.
The US-Iran war has closed the Strait of Hormuz. From WTI $75 and Brent $82, three scenarios including a $120 bull case, and the ETFs that benefit.