Crack Spread Update: December 2017

Our crack spread estimates are constructed through intercommodity analysis by regressing the underlying commodities against other relevant instruments. For closing values on 12/29/2017 The 3-2-1 crack spread increased to $19.01 and is $2.84 above its estimated intercommodity fair value at $16.18. The ULSD crack spread increased to $26.75 and $5.34 above its estimated intercommodity fair …

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