NEW YORK, June 11 (Reuters) - Some commodity and energy markets, including renewable fuel credit prices, fell on Friday, after a Reuters report said the U.S. EPA was considering ways to provide relief to U.S. oil refiners from biofuel blending mandates. read more
The news caused renewable fuel (D6) credits for 2021 to fall 15% from the previous session. Immediately following the news, credits fell to trade at $1.70 each on Friday, down from $2.00 each on Thursday, traders said. Credits later steadied at $1.85.
The gasoline crack - the margin to refine gasoline from crude - fell 10% from Thursday. The margin fell to a session low on Friday of $20.35 a barrel, the lowest since March 19, Refinitiv Eikon data showed.
Futures for soybean oil , a feedstock used to produce renewable fuels, fell to 66.96 cents per pound. The contract hit an all-time high on Monday of 73.74 cents per pound.
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