October heating oil established a higher high during the early morning hours but has since reversed course. Early gains in heating oil were supported by a slightly smaller than expected build in distillate data Tuesday afternoon. This compares to expectations for this morning's EIA data that point to a build in the range of 750,000 to 1.0 million barrels. Some traders indicated that weakness in heating oil may also be coming from a decline in Brent crude oil.
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