September heating oil prices traded lower during the early morning hours, weighed down by more evidence of a slowing global economy. Some traders suggested that these slow growth concerns have become a factor that could reduce demand prospects for diesel, heating oil and other distillates. Data from the EIA Monday afternoon showed weekly retail diesel prices falling by a little more than $0.06 to $3.84.
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.