Strong Demand for Distillates Buoys Heating Oil

Heating oil prices are slightly higher mid-day on Thursday following the Department of Energy’s inventory report that was released one day late due to the Veterans Day holiday. Prices stayed buoyed as heating oil inventories decline and are currently 8% lower than stockpiles 1-year ago. Crude oil inventories continued to rise, as the US increased production another 100K barrels this week up to 11.7 million…