Markets

Morning Heating Oil Market Report

October heating oil prices traded higher during the initial morning hours, supported by gains in WTI crude oil and a boost in risk-taking attitudes. Some traders suggested that recent underperformance of Brent relative to WTI crude oil produced a negative reversal in the October heating oil crack spread. While still very early, this is a force that could begin to alter refining operations into the fall.

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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