Excess Returns · Friday, July 3, 2026
The "crack spread" is being highlighted as a key indicator for the health of the oil market, serving as a truth-teller about whether the right type of oil is reaching the right destinations. This metric is presented as a reliable signal for assessing the efficiency and effectiveness of oil distribution and refining processes.
“The crack spread does not lie. It is the truth. It is telling you is the right type of oil making it to the right place.”