Strong Heat Cracks Point to Higher Crude Pricesp

Refiners are operating at elevated levels as higher than average crack prices are outperforming during a period that seasonally sees margins decline.  With the east coast experiencing a cyclone bomb and both the mid-west and east coast experiencing frigid temperatures demand for heating fuels is soaring higher.  Heating oil’s competitor natural gas saw record demand on January 1, with the EIA estimating that…