Heating Oil Consolidates as Demand Remains Lackluster

Heating oil prices were higher mid-morning on Wednesday following the Energy Information Administration’s report on inventories.  Prices have been in a downtrend as traders await testimony from the Federal Reserve Chair Janet Yellen on Monetary policy, in her bi-annual speech to the Congress. On Tuesday the International Energy Agency stated that the globe was awash in oil and it was difficult to see prices…