Heating Oil Trades Sideways But Demand is Accelerating

Heating oil prices where nearly unchanged mid-day on Thursday, following the Department of Energy’s inventory report that was delayed one day due to the Labor Day Holiday. The report was mixed, as product builds offset crude oil draws. While refiners are still running at elevated levels, it also appears that they have a reason which is that demand looks like it is picking up. Demand was down week to week for most…