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Markets

Morning Heating Oil Market Report

January heating oil prices traded higher during the initial morning hours as they rebounded from their lowest close since October 5th in yesterday's session. Some traders indicated that the aggressive markdown phase from the December high came on European debt concerns that are reducing global demand prospects. There is also talk in the cash market that a number of refineries have begun their end-of-year inventory adjustments, and that could be contributing to the volatility.

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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