Morning Heating Oil Market Report

By Roger Baettig | April 18 2012 9:14 AM

June heating oil prices grinded lower throughout the overnight and early morning session, breaking down to a new five-day low in the process. The downside action in the market seemed come from a weak macroeconomic tone and selloff n Brent crude oil. Expectations for this morning's EIA report are for a weekly draw in distillate stocks of around 500,000 barrels, which compares to the five year average draw of 750,000 barrels.

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