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...
Prices of Brent crude oil are attempting for form a bottom. Traders are probing the downside and seeing if it is possible to generate a short squeeze. With current inventories at 80-year highs in the United States, it will be difficult for oil prices to mount a significant comeback.
Petroleum inventory data for countries in the Organization for Economic Cooperation and Development show the relationship…