Lackluster Distillate Demand Weighs on Heating Oil Prices

Heating oil prices edged lower on Thursday morning in the wake of the Department of Energy’s weekly petroleum status report.  Prices prior to the report were higher during the week, following the announcement of an agreement between major oil producers to freeze output at current levels.  Demand for distillates remains lackluster and will likely continue on this path given NOAA’s forecast for warmer…