December heating oil prices came under added selling pressure during the initial morning session, as they tried to handicap the impact of Hurricane Sandy on demand. Some traders indicated that the rather large number of cancelled airline flights weighed on jet fuel demand. Perhaps some of the added weakness in heating oil comes as November European gasoil prices broke down to their lowest level since August 8th. Expectations for this morning's EIA inventory report are for a decline in distillate supplies last week in the range of 1.25 million barrels.
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