February heating oil prices traded higher during the initial morning hours, helped by gains in crude oil and weekly Singapore inventory data. Some traders attributed the early strength in February heating oil to inventory data out of Singapore that showed fuel oil supplies falling to their lowest level in nearly 3-months. Expectations for this morning's EIA inventory data are for distillate supplies to have fallen by about 750,000 barrels, which is in line with the 5-year average draw.