January heating oil prices trended higher throughout the morning hours, supported by Brent crude oil and uncertainty in the Middle East region. Some traders indicated that the market was expecting this morning's EIA data to show another draw in distillate supplies last week in the range of 1.0 million barrels. Some cash traders noted an increase in diesel demand headed for the east coast and from a pick up in pipeline scheduling.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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