Heating Oil Consolidates on Mixed Fundamentals

Heating oil prices are whipsawing as the drop-in imports of crude oil has led to a large draw in crude oil inventories which has been offset by solid gains in distillate inventories.  While demand for distillates remains robust, the demand for total products is nearly unchanged.  Petroleum traders are keenly focused on OPEC and their ability to reduce production which should be reflected in imports into the…