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Re: James1975 post# 517

Friday, 04/05/2019 1:19:14 PM

Friday, April 05, 2019 1:19:14 PM

Post# of 4301
In general when crude oil prices rise, refinery net cash flows decline...and if crude oil prices fall, net cash flows rise.

Crude price doesn't affect refinery profits..except to the extent that higher crude prices might mean that less refined product is demanded.

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