Markets

Morning Heating Oil Market Report 01/09

February heating oil prices carved out a tight trading range in early morning action as it digested yesterday's drive to $3.07 and data last night showing a larger than expected build in distillate supply. The heating oil market seemed to benefit from US weather forecasts pointing to colder near term temperatures, as well as upside breakout action in European gasoil prices. Expectations for this morning's EIA inventory report are for a build in US distillate supplies last week in the range of 1.5 million barrels.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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