"Fall in RIL shares is largely due to two reasons, weak global market and crude oil prices," domestic brokerage firm SMC Global Vice President Rajesh Jain said.
From Bloomberg: "Fuel refiners Valero Energy Corp., Tesoro Corp. and Sunoco Inc. made up three of the top eight gains in the S&P 500 after the so-called crack spread on refining profits increased more than 35 percent. The spread is the hypothetical profit margin for processing three barrels of crude into two barrels of gasoline and one of heating oil. "
Aren't these a little contradictory, or rather signaling two opposite directions. I am a derivatives trader in Singapore and my email address is subhajit.iitkgp@gmail.com, it will be great if I could get your email and I could get your expertise on this.
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You said to ET
"Fall in RIL shares is largely due to two reasons, weak global market and crude oil prices," domestic brokerage firm SMC Global Vice President Rajesh Jain said.
From Bloomberg: "Fuel refiners Valero Energy Corp., Tesoro Corp. and Sunoco Inc. made up three of the top eight gains in the S&P 500 after the so-called crack spread on refining profits increased more than 35 percent. The spread is the hypothetical profit margin for processing three barrels of crude into two barrels of gasoline and one of heating oil. "
Aren't these a little contradictory, or rather signaling two opposite directions. I am a derivatives trader in Singapore and my email address is subhajit.iitkgp@gmail.com, it will be great if I could get your email and I could get your expertise on this.
Regards,
Mondy
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