U.S. Heating Oil Rises on Stockpile Decline

Heating oil prices edged higher mid-day on Wednesday following the Department of Energy’s inventory report.  U.S. imports dipped, but the decline was offset by a drop-in refinery utilization which was expected at this time of year. As the U.S. driving season winds down, refiners will likely begin maintenance which should reduce refiner operations. While demand measured by product supplies edged lower, the decline…