Thursday, April 13, 2017 12:06:53 AM
Stervc here is a good article on how refinerys actually get their profit calculations which is based on the crack spread and its a commodity that has a futures listing that gives one a closer look into what to expect using thier basic formula for refining oil into gas and petro distilates.You cant really just use the price of oil in itself but for starting points I can see what your purpose was.Here is a good article on that >>https://www.e-education.psu.edu/eme801/node/514 also here is a listing for crack spread futures >>>http://www.cmegroup.com/trading/energy/refined-products/rbob-crack-spread-swap-futures.html
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