Heating Oil Edges Higher despite Robust Crude Oil Inventory Build

Heating oil prices edged higher mid-day on Wednesday following a stronger than expected inventory report which showed a larger than expected gain in crude oil inventories.  While gasoline demand continues to impress, distillate demand is very low, which reflects an overhang of diesel.

According to the Department of Energy, U.S. commercial crude oil inventories increased by 4.7 million…