Markets

Morning Heating Oil Market Report

June heating oil began the Sunday evening trade with a gap lower open and seemed pressured by strength in the US Dollar. Some traders noted that waning diesel demand in India may have also contributed to the soft morning tone. Meanwhile, the Commitments of Traders Futures and Options report as of May 10th showed non-commercial traders were net long 19,578 contracts, a decrease of 7,231. Non-commercial and nonreportable traders combined held a net long position of 31,991 contracts, for a decrease of 13,791 on the week.

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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