04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Heating oil prices gyrated on Wednesday in the wake of the Department of Energy’s report that showed an enormous build in heating oil inventories which accompanied a nearly equally large build in gasoline stocks. This comes despite increasing demand for products due to lower than average prices. Price action has been negative as crude oil slipped through $48 per barrel which has weighed on…