March heating oil is higher once again this morning and out into new high ground for the rally. Some traders suggested that Wednesday's larger than expected draw in both distillate and heating oil inventories has contributed to the early morning gains. EIA distillate stocks fell 1.579 million barrels and stand at 7.53 million barrels above last year and 24.362 million above the five year average. Distillate imports came in at 318,000 barrels per day compared to 254,000 barrels the previous week. Average total distillate demand for the past four weeks was down 0.27% compared to last year. EIA heating oil stocks fell 2.809 million barrels and are 2.869 million barrels below last year and 6.501 million below the five year average.