November heating oil prices came under more selling pressure in overnight and early morning action, falling to a new four day low in the process. Some of the weakness came from a sell off in Brent crude oil, along with modest deterioration in the outside market tone. Ideas of slowing global growth prospects have weighed on distillate demand outlook. Expectations for this morning's EIA distillate inventory report are for a decline last week in the range of 500,000 barrels.


View All Market Commentary

*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.

 

Copyright CME Group All rights reserved.