Heating Oil Tumbles Despite Large Draw in Inventories

Heating Oil prices tested resistance following a stronger than expected draw in crude oil inventories and a robust beat on industrial product, but was unable gain traction, and eventually moved lower.  According to the Federal Reserve U.S. industrial production beat estimates with a 0.3% June rise, after a net upward revision in the index levels since March that trimmed the size of the industrial production downturn in the…