Reversing midmorning losses, nearby delivery month oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Wednesday s session higher, lifting U.S. benchmark above $69 per barrel (bbl).
The Supreme Court ruled Friday on a protracted legal fight that has pitted two pillars of the Republican base against each other: farms and oil. In a 6-3 ruling, the court granted small refiners a win in their ongoing battle to weaken the RFS.
Media Contacts: Taylor Gage, 402-471-1970 Justin Pinkerman, 402-471-1967 Media Release: Gov. Ricketts: U.S. Supreme Court Decision on Ethanol Waivers Hurts
WASHINGTON — The Supreme Court on Friday said an expanded number of small oil refineries can seek an exemption from certain renewable fuel requirements.
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange moved higher in afternoon trade Thursday.