ZUG OIL
The Vanderbilt Terminal for Oil & Energy Trading Intelligence
INDEPENDENT INTELLIGENCE FOR SWITZERLAND'S OIL AND ENERGY TRADING SECTOR
Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| TTF Natural Gas €41.80/MWh| Swiss Oil Trade 35% global| Gunvor Revenue $110B+| Mercuria Revenue $120B+| Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| TTF Natural Gas €41.80/MWh| Swiss Oil Trade 35% global| Gunvor Revenue $110B+| Mercuria Revenue $120B+|

Refining Margin

Crack Spread: Definition, Calculation, and Refining Margin Indicator

Definition

The crack spread is a financial metric used in the oil industry to represent the difference between the price of crude oil and the prices of the …

28 Feb 2026