International Business Times
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January 31, 2012 4:05 PM GMT

March heating oil prices broke out to their best level since January 12th during the early morning hours. Some traders noted that the heating oil market rallied more than $0.06 from yesterday's late-session low to this morning's high. While this has contributed to a short term overbought condition in the market, gains in crude oil and a positive outside market tone offered early support.

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