Suncor Energy Inc. T.SU

Last one crack spreads(4 1/2 month high)

[lifeisgood1010]

Just read this article on barchart web site.

It say what i was telling about the spreads.

There is 0 premium for these attacks but spreads are moving

Here is a portion of the article.

Geopolitical tensions in the Middle East continue to support crude prices. The U.S. and UK have ramped up airstrikes against Houthi rebels in Yemen in retaliation for Houthi attacks on commercial shipping in the Red Sea. Last month, the U.S. Navy advised vessels to avoid the southern Red Sea. Houthis started attacking ships in the Red Sea in mid-November in support of Hamas in the Israeli-Hamas war and said they won't stop the attacks until Israel ends its assault on Gaza. Attacks on commercial shipping in the Red Sea by Iran-backed Houthi rebels have forced shippers to divert shipments around the southern tip of Africa instead of going through the Red Sea, disrupting global crude oil supplies.

Strength in the crude crack spread supports crude prices as the crack spread climbed to a 4-1/2 month high today. The stronger spread encouraged refiners to boost their purchase of crude and refine it into gasoline and distillates.

[ztransforms173]

https://stockhouse.com/companies/bullboard/cve/cenovus-energy-inc?postid=35865076 ^^^ Post by ztransforms173on Feb 06, 2024 9:54am   149 Views  Post# 35865076   CONTRARY To Earlier Reports, BP Whiting Refinery Is OFFLINE NICE PICTURE: Image weblink: https://boereport.com/wp-content/uploads/2018/09/bp