04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
Oil prices continue to move lower as the new trading year gets underway, with benchmark WTI crude oil pushes through support at $53 per barrel. The next target for crude oil will likely be the 2007 lows at $49 per barrel. Although it is unlikely that prices will test the 2010 lows at $35 per barrel, volatility remains elevated which could propel negative momentum.
The oil price drop will have a…