Markets

Morning Heating Oil Market Report 11/21

January heating oil prices trended higher throughout the morning hours, supported by Brent crude oil and uncertainty in the Middle East region. Some traders indicated that the market was expecting this morning's EIA data to show another draw in distillate supplies last week in the range of 1.0 million barrels. Some cash traders noted an increase in diesel demand headed for the east coast and from a pick up in pipeline scheduling.

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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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