Heating oil is a concern as we're heading into winter.
Heating oil is a concern as we're heading into winter.
The market's reacting to forecasts that heating oil demand will be 20 percent below normal this week, giving refiners a little breathing room to boost supply ahead of winter.
Provided we don't get any disruptions to supply, it looks like prices could have short-term weakness. But if we get a much colder winter, it could send prices into the sixties range again.
The worry is that if prices come off a bit, demand will rebound and we've still got to deal with the Northern Hemisphere winter.
© 2020 Inspirational Stories
© 2020 Inspirational Stories