November heating oil prices have extended their decline from last week into this morning and were down nearly $0.30 from the September 16th high to this morning's low. A rebound in outside market sentiment helped fuel a rebound in prices back into positive territory this morning. The Commitments of Traders Futures and Options report as of September 20th showed non-commercial traders were net long 21,214 contracts, an increase of 6,680. Non-commercial and nonreportable traders combined held a net long position of 33,053 contracts, for an increase of 5,162 on the week.
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