Heating Oil Demand Continues to Buoy Prices

Heating oil prices edged higher on Wednesday following the governments inventory report. Prices have come off from their recent highs, as supply constraints seem to have driven market sentiment over the past couple of weeks.  Inventories in the United States remain high, as production from U.S. producers have taken the place of OPEC output. Domestic production has increased nearly 300K barrels from a year ago. …