Energy Leads Lower While Policy Biodiesel/RD/SAF Urgency Fades
- Henri Bardon
- Jan 7
- 3 min read
Energy markets continue to lead the complex lower. ICE gasoil front month trades near 599 dollars per metric ton, and the weekly chart now clearly points to the next technical support around 565. The Jan–Apr backwardation has compressed to roughly +7.75 dollars per ton, down from around +50 in November, confirming a structural softening rather than a transient move. Gasoil chart just looks terrible.
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