Heating Oil Rallies as Refiners Reduce Runs Again

Heating oil prices moved higher on Wednesday despite a dismal inventory report which showed a huge build in crude oil and gasoline inventories.  It appears that refiners are doing their part in reducing runs given that demand for heating oil is well below last year’s levels.  U.S. crude oil refinery inputs averaged over 15.6 million barrels per day during the week ending January 29, 2016, 24,000 barrels per…