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...
Heating oil prices continued to push higher on Wednesday breaking out of its current range following bullish inventory data released by the US Department of Energy. This comes as prices pushed above resistance levels earlier in the trading session.
According to the Energy Information Administration, U.S. commercial crude oil inventories increased by 1.3 million barrels from the previous week. This compares…