International Business Times

Morning Heating Oil Market Report

February 10, 2012 3:01 PM GMT

March heating oil prices were under pressure throughout the overnight and early morning hours. The early weakness appeared to come from a sell off in global equity markets and a rally in the US dollar. Some cash traders noted a measure of weakness in Midwest diesel prices yesterday in response to softer demand, and that could be adding additional downside to March heating oil prices.

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