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Wall Street Refiner
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| - | A [[Wall Street|Wall Street]] investment firm that buys or sells [[Crude Oil|crude oil]] and [[Futures|futures]] on a scale similar to [[Real|real]] refineries. Typically these investment firms do not own oil refineries and take no actual delivery of oil. | + | A [[Wall Street|Wall Street]] investment firm that trades [[Crude Oil|crude oil]] and [[Oil Products|oil products]] on a scale similar to large oil companies. Typically, these investment firms do not own oil refineries and take no actual delivery of oil. |
Revision as of 12:03, 10 June 2009
A Wall Street investment firm that trades crude oil and oil products on a scale similar to large oil companies. Typically, these investment firms do not own oil refineries and take no actual delivery of oil.