Heating Oil Rallies but Demand for Distillates Remains Subdued

Heating oil prices moved higher on Wednesday following a report from the Department of Energy that showed increasing demand for gasoline and less of a decline in demand for distillates.  News that major oil producers from OPEC and Non-OPEC nations would gather in April also helped prices gain traction.  Imports of crude oil declined in the latest week, but are higher over the past 4-weeks.

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