05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
A Cold Winter Has Kept Oil Prices from Tumbling to $30
On the first day of spring, the rearview mirror shows that the Northeast has experienced a colder than normal winter. Temperatures from October through February were 11% colder than the National Oceanic and Atmospheric Administration projected at the start of the heating season, 10% colder than the 10-year average, and 1% colder than last winter. The cold weather increased demand for distillate fuel for…