November heating oil prices registered a higher high in early morning action. Some of the upside action in the market might have come from private data yesterday afternoon that showed a much larger than expected distillate inventory draw last week. Expectations for today's EIA report point to a draw in the range of 1.0 million barrels. Another supportive feature appears to come in the wake of the EIA winter fuels report that forecasted heating oil prices to reach record high levels in response to a colder winter season.
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