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Crude, Heating Oil Markets Regain Monday’s Losses

Ryan Standard | 07.23.2021 | Jacobsen

**Please Note – Bob Lane is out of the office this week, returning Monday, July 26th. in his absence, please contact Ryan Standard at 331.276.8227 or [email protected] with any questions, comments or trading.**

The energy markets closed higher again today, ending the week on a higher note and regaining the lost value from Monday’s sell off. RINS and soybean oil traded higher today as well, but LCFS credits traded slightly lower for the day. The feedstock market was quiet overall with limited action ahead of the weekend. Buyers continue to push back on increases due to a rangebound soybean oil market, but tight supplies and increased competition for low CI feedstocks add risk for higher prices in the short term.

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