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Question
The 6-month futures price for oil is $96.60 per barrel (or 2.30 cents per gallon). The 6-month futures prices for gasoline and heating oil are 2.50 cents and 2.15 cents, respectively. What is the gross margin on a simple 3-2-1 crack spread?A) $0.25
B) $0.35
C) $0.54
D) $0.68
Answer
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Related questions
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