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Markets

Morning Heating Oil Market Report

September heating oil prices traded lower during the overnight and early morning hours, as they challenged their 200 day moving average. Prices have since bounced from that level and seemed to draft a level of support from gains in Brent crude oil. Some traders indicated that the heating oil market remained concerned over slowing US growth and reduced demand prospects, but this week's 11.5% downdraft has become overextended and vulnerable to a technical rebound.

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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