Heating Oil Bounces Despite Multiple Headwinds

Heating oil prices moved higher on Wednesday despite a number of factors that will likely be headwinds for further gains. Prices bounced on support levels, despite builds in crude, distiilates and gasoline as reported by the Department of Energy on Wednesday. Iran’s determination to seal a nuclear deal with global powers to bring more of its crude to an oversupplied market and the restart of a key oil terminal in Libya…