Falling Oil Not Benefiting Refiners
Posted on September 14, 2008 at 07:00 AM EDT
Key Points: The drop in crude has yet to help refiners Crack spreads are being affected by seasonal factors Higher home heating bills could create a challenging holiday shopping season Crack Spreads Barring a supply disruption from Hurricane Ike, oil will soon test the $100 mark. This is a psychological level of support, and if broken, would suggest further … [...]