Markets

Morning Heating Oil Market Report

(IBTimes) - June heating oil broke a five day losing streak yesterday but failed to extend those gains during the initial morning hours. Some traders pointed to a weak macroeconomic tone and selloff in Brent crude oil as forces weighing on the heating oil market. Expectations for this morning's EIA inventory data are for a fractional build in distillate supplies last week of 200,000 barrels, which compares to the five year average build of 700,000 barrels.

Original Source: http://www.ibtimes.com/articles/339050/20120509/morning-heating-oil-market-report.htm

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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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