Renewable Fuel Credits Rise
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weak fuel demandReuters
•US renewable fuel credits rally to multi-month highs despite Trump reelection
80% Informative
U.S. renewable fuel credits rose to multi-month highs on Friday on demand from refiners trying to comply with mandates and higher prices for soyoil.
Rising prices for the credits are welcome news for biofuel producers who depend on them to make up for high output costs.
But they also worsen the pain for petroleum refiners whose profit margins have slumped sharply this year .
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