Heating Oil Hold Steady, Despite Drop in Crude

Heating oil prices were stable on Wednesday, despite a drop in crude oil in the wake of a larger than expected build in crude oil inventories.  The large surge in crude stocks were offset by a decline in distillate inventories that appear to be driven by foreign demand.  While total demand for petroleum products was down in the latest week, there continues to be a surge in distillate exports which are keeping…