Stronger Imports and Soft Demand Erode Heating Oil Prices

Imports flooded into the United States in the latest week, which easily made up for the lackluster production, generating headwinds for heating oil prices.  If this wasn’t enough, demand for products across the petroleum spectrum declined, as warmer than normal weather covered most of the east coast during the first few weeks of the winter.

According to the Energy Information Administration, U.S….