05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
What a Whipsaw, Heating Oil Defines Volatility
Heating oil prices surged in February climbing nearly 29% and peaking at $2.25 per gallon. Colder than expected weather in the Northeast and Mid-west, combined with the steelworkers strike at refiners buoyed all heating fuels.
Even more impressive has been to ropbust move in the heating oil crack in 2015. The heating oil crack is the spread between heating oil prices in dollar per barrel and WTI…