Mixed Inventory Report Pushes Heating Oil Higher

Heating oil prices initially moved higher on Wednesday following the Department of Energy’s report on inventory, demand and production.  Refinery runs have backed down to levels that are more consistent with operations that are seen at this time of year. Distillate demand remains robust, climbing more than 15% as it increased through 4-million barrels a day.  U.S. production continued to climb, pushing above…