Strong Demand for Products and Declining WTI Inventories Buoy Heating Oil

The petroleum complex is buoyed and continues to experienced upward price pressures, as demand remains strong and supply is suspect.  The US has itself to blame for the higher prices, but it’s not clear as to whether higher prices will erode US growth given robust US production of more than 11.1 million barrels a day.  As traders await November Iranian crude oil sanctions,…