Morning Heating Oil Market Report
October heating oil prices traded lower during the early morning hours, locked inside of Monday's range. The heating oil market appears to be under pressure from the return of a number of US refineries back on line after recent outages and maintenance shutdowns. Some traders indicated that this factor was highlighted by a 19.0% drop in the October crack spread since last week's high.
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
Explore Markets
ExploreMost Popular
- Stimulus Update: MIllions Will Get a Stimulus Check in June. Are You One of Them?
- Is the Stock Market Open on Independence Day 2022?
- Social Security Checks Could Soar in 2023: Here's How Much Extra Seniors Might Receive
- Used Car Prices Are Starting to Drop From All-Time Highs. Is the Worst Behind Us?