Heating Oil Prices Test Support, Inventories Build Despite Robust Demand

Heating oil prices edged lower following a large build in crude oil inventories, which continue to show that production is outstripping demand.  The number of drillers is still well above 1600, which will continue to put downward pressure on prices until this situation is relieved.  Demand continues to be strong, especially gasoline and distillates which saw a larger than 7% increase…