This page lists all futures symbols for the selected exchange. Find the latest crude oil wti prices and crude oil wti futures quotes for all active contracts below. Computing a crack spread is simple and requires no proprietary information. Crack spread is a term used on the oil industry and futures trading for the differential between. Bloomberg nymex wti cushing crude oil first month 321 crack spread source. Thanks for the a2a nymex and brent are two different entities. The metric assumes that for every three barrels of crude oil.
Om represents the trading operational month for the nymex natural gas futures and runs typically from the 26th of the month to the 25th of the month prior to delivery month. Prestige economics president and chief economist jason schenker discusses oil prices, product inventories and demand for oil from refiners. The ice rbob gasoline crack spread allows you to trade the spread between ice rbob gasoline futures and ice wti futures. Up to 20 years of historical data can be purchased for more information click here. Bloombergs wti crude oil price has historically matched very closely to wsjs. The above chart is the us gulf coast wti 321 crack spread or usgc wti 321. Why oil prices are precariously close to another steep. The 321 crack spread is found through simple arithmetic as. Crack spread calculations demystified seeking alpha. The nymex gasoline crack spread, a rough measure for how much refiners make from producing the motor fuel, sank more than 30 percent in june, the biggest drop for the month in a decade, helped by.
Cl1 commodity quote generic 1st cl future bloomberg. Aggregate open interest in nymex henry hub fell from 1. The index name is intimidating bloomberg nymex wti cushing crude oil first month 321 crack spread but its basically the amount of profit a refiner makes selling gasoline and other. Data delayed at least 15 minutes, as of feb 25 2020 00. The rbob gasolinebrent crack spread allows you to trade the spread between rbob gasoline futures and brent futures. The companys two principal divisions are the new york mercantile exchange and commodity exchange, inc comex, once separately owned exchanges. Nymex is a publicly traded company that handles billions of dollars worth of energy products, metals and other commodities. Crack spreads are defined as multiterm ratios, such as a. Each futures symbol shows all of the open contracts with the contract name and month, last price, change, open, high, low, volume and open interest. Money for nothing i need my 321 is the us refining party over. Falling crack spreads cloud near term for refiners. Last week august 7, 20 the 321 crack spread based on nymex cme crude and. Crack spread is defined as the difference between the price of a particular crude oil and a weighted average of the prices of a few refined products, as these prices are registered in commodity markets.
Wti crude oil nymex brent crude ice rbob gasoline nymex natural gas nymex heating oil nymex. We use the spot month rbob gasoline pergallon price multiplied by 42 to reach a barrel, and the spot month ny heating oil per. Oil refiners in us at full throttle with margins under. The crack spread represents the theoretical refining margin. Two of the major oil products produced in refineries are heating oil and unleaded gasoline. All market data contained within the cme group website should be considered as a reference only and should not be used as validation against, nor as a complement to, realtime market data feeds. Months forward 45 55 65 75 85 95 1 11 21 31 41 6 month range 4162015 1 month ago 6 months ago months.
Finally, divide the result by 3 to produce a crack spread in dollars per barrel. Oil downturn not horribly damaging to the longterm us economy. Nymex henry hub saw a busy trading week with rising temperatures and returning production seeing money managers liquidate their longs. Index there are two types of variable products, nymex and index.
If the spread is a negative number, the products are priced at less than the cost of crude and are not profitable. If a crack spread is a positive number then the price of the refined products is higher than that of crude oil, the raw material, and the spread is profitable. Ticker technologies 500 north broadway, suite 265 jericho, ny 11753 516 8694761 18665152082. The nymex gasoline crack spread, a rough measure for how much refiners make from producing the motor fuel, sank more than 30 percent in. The worlds largest physical commodity futures exchange. Energy levels november 11, 2010 2 industry updates. The 321 crack spread is the difference between the market value of the key refinery input crude oil and the two key refinery outputs gasoline and diesel fuel weighted in rough proportion to their shares of production. Nymex is the abbreviation for new york mercantile exchange which trades in futures exchange of energy and platinum. Trading a position in the crack spread results in two separate positions in the underlying futures legs i. Rbob gasoline crack spread futures quotes cme group. While these are both variable natural gas products pricing changes monthly, they have key essential differences that are important in understanding how their pricing relates to each other. Some examples include aluminium, coal, electricity, gasoline, gold and. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on market data platform mdp.
The metric assumes that for every three barrels of crude oil, refiners produce two barrels of. Latest futures price quotes as of sun, feb 16th, 2020. Bno is only a guideline given the ability of many refiners to. The crack spread study is a futures transaction that parallels the process of refining light crude oil cl into petroleum products, such as heating oil ho and unleaded gas hu. The 321 crack has fallen 56 percent this year from its high in march. Since the refining process involves cracking crude oil into its major components, the spread is referred to as a crack. All positions are financially settled and appeal to both physical and financial. Indeed, the new york mercantile exchange is the biggest commodity futures exchange in the world. The software is free to download, but you need an account set up, and authentication is biometric so you cant easily hack someone elses either. Connecting decision makers to a dynamic network of information, people and ideas, bloomberg quickly and accurately delivers.
The chart below on the left shows both the 321 wti nymex crack spread blue line and the 321 brent crack red line. All positions are financially settled and appeal to both physical and financial traders. Find natural gas, emissions, and crude oil price changes. Is there a way one can hack the bloomberg terminal with a. Why to keep an eye on the gasoline crack spread bloomberg. A look at the latest business news and trends in the western hemisphere. A comparison between the cm and the om will reflect what was projected to happen in a given month the om as compared to what the spot market actually returned the cm. Why the huge inventory build didnt crash oil prices. Energy futures, metals futures, financials futures. Download stock data and historical quotes for new york. New york mercantile exchange nymex price charts and.