Crude and product prices rose slightly over yesterday's futures prices at the very end of the trading session today. It is amazing when negative news such as a 1% GDP loss is considered good news because a drop of 1.5% was expected.
I wonder what is the significance of Brent trading a couple of dollars below WTI.
Also to be pondered is the effect of the closing of so many biodiesel and ethanol plants and the other biofuels plants that are on life support. Today's WSJ article on the biofuels brings the renewables issue to the forefront.
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