Listen to this story
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now0:00
0:00
Loading audio file, please wait.
Calumet Specialty Products Partners LP reported yesterday that fourth-quarter profit plummeted to $7.8 million from $32.1 million a year earlier.
The Indianapolis company said oil prices increased faster than it could raise prices on the lubricants, fuel and other products it refines.
For the year, Calumet had profit of $82.9 million compared to $95.6 million in 2006.
Please enable JavaScript to view this content.