Morning Heating Oil Market Report

February heating oil traded higher overnight, breaking out of Friday's inside day range in the process. However, weakness in the US dollar and a slight bounce in global equity markets failed to inspire fresh buying interest. The Commitments of Traders Futures and Options report as of January 3rd showed non-commercial traders were net long 17,580 contracts, an increase of 6,730. Non-commercial and nonreportable traders combined held a net long position of 32,255 contracts, an increase of 10,177.

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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