Markets

Morning Heating Oil Market Report

January heating oil prices traded higher overnight in response to private industry data that showed a much larger than expected decline in distillate supplies last week. The figure was substantially larger than expectations for this morning's EIA report for a decline of 1.0 million barrels. Some traders indicated the possibility for a distillate supplies to have fallen by less than expected due to the extremely warm temperatures in the Northeast that have reduced heat-related demand.

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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