WTI $66.50— 4 p.m. Monday
From Ernie Barsamian - The Tank Tiger
Tomorrow is Cinco de Mayo and, one thing for sure, is that the Renewable Identification Number (RIN) market is going loco. The rally in RIN prices last week saw ethanol RINs and the Renewable Volume Obligation (RVO) assessment set all-time highs. The RVO value is essentially the cost of RFS compliance for refiners and importers of gasol…
