October heating oil was down overnight but stayed within Friday's range. Outside market forces were positive overnight, but heating oil appears to be less driven by those factors than crude oil. As of last Friday the heating oil market did manage a higher close in the face of a weaker stock market. At least to start this morning, the fear of increased product supply from Libya and slack demand seems to have left the bear camp with an edge. The Commitments of Traders report as of August 16th for heating oil showed non-commercial traders were net long 15,967 contracts, a decrease of 3,471 contracts. Non-commercial and non-reportable traders combined held a net long position of 24,124 contracts, a decrease of 4,958 contracts.