Markets

Morning Heating Oil Market Report

September heating oil traded higher during the initial morning hours and rallied to its highest level since August 4th. Some of the early support came from a rally in Brent crude oil back above $110.00, as well as talk of a tightening Midwest diesel market. Additionally, private inventory reports Tuesday afternoon showed a draw in weekly distillate inventories that was larger than expected. Estimates for this morning's EIA report favor a weekly inventory build of around 500,000 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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