U.S. renewable fuel credits rise to two-year high after Reuters report

U.S. renewable fuel credits traded at their highest since March 2018 on Wednesday after a Reuters report said the Trump administration plans to deny oil refiner requests for retroactive waivers from U.S. biofuel laws.

Renewable fuel (D6) credits RIN-D6-US for 2020 traded at 55 cents each on Wednesday, up almost 18 percent from the previous session, traders said.

Reporting by Stephanie Kelly; Editing by Chizu Nomiyama