Heating Oil Rebounds as Draw in Propane Offsets Large Crude Oil Build

Heating oil prices rebounded after falling sharply due to a larger than expected build in crude inventories reported by the Department of Energy on Wednesday.  This followed an unexpected surge in stocks reported by the API on Tuesday. Imports into the U.S. surged, and are up more than 10% over the same period last year, which is helping to generate higher stocks. Gasoline demand continued to…