Markets

Morning Heating Oil Market Report

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.

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.

Other Topics

Commodities