Heating Heating Oil Moves Higher Following Draws in Inventories

Heating oil prices moved higher on Wednesday following two reports that showed declines in crude and heating oil inventories.  This is likely to be the last week of decline in inventory as next week many refiners will begin their maintenance which will allow crude oil stocks to increase ahead of the heating season.

U.S. crude oil refinery inputs averaged 16.2 million barrels per day during…