Markets

Morning Heating Oil Market Report

June heating oil traded in positive territory for most of the overnight and early morning hours. Some players noted a pickup in US diesel demand from agricultural interests, and that coupled with supply issues from potential Mississippi River flooding may have lent a level of support to June heating oil. It is possible that industry data after the close Tuesday that showed a smaller than expected increase in US distillate stocks could have contributed to the early gains. Estimates for this morning's EIA distillate report are for a build in the range of 500,000 to 1.0 million barrels.

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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