UPDATE 1-U.S. renewable fuel credits down 15% after Reuters report -traders

(Adds detail about gasoline crack)

NEW YORK, June 11 (Reuters) - U.S. renewable fuel credits traded at $1.70 each on Friday, down 15% from the previous session, after a Reuters report said the U.S. EPA was considering ways to provide relief to U.S. oil refiners from biofuel blending mandates.

Renewable fuel (D6) credits <RIN-D6-US> for 2021 traded at $1.70 each on Friday, after trading at $2.00 each on Thursday, traders said.

The news also caused the gasoline crack <RBc1-CLc1> - the margin to refine gasoline from crude - to fall 10% from Thursday. The margin fell to a session low on Friday of $20.35 a barrel, the lowest since March 19, Refinitiv Eikon data showed. (Reporting by Stephanie Kelly)

06/11/2021 13:25

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