March heating oil prices established a higher high during the overnight session, seemingly in response to private industry data late Tuesday that showed a larger than expected draw in distillate supplies last week. It seems that a weakening macroeconomic tone this morning, with a sell off in global equity markets and the Euro currency, subsequently pressured heating oil prices lower. Estimates for this morning's EIA report are for a draw in distillate supplies in the neighborhood of 750,000 barrels.