January heating oil traded higher during the initial morning hours and established a new 3-session high in the process. Prices rallied nearly $0.10 from last Friday's low to this morning's high. The Commitments of Traders Futures and Options report as of November 22nd showed non-commercial traders were net long 24,847 contracts, a decrease of 874. Non-commercial and nonreportable traders combined held a net long position of 45,173 contracts, a decrease of 4,527.