June heating oil prices registered a new three-day high during the early morning trade, helped by an improvement in risk-taking sentiment and positive reversal action in Brent crude oil. The market also seemed to react to yesterday's EIA inventory data that showed a much larger than expected draw in distillate stocks of 2.908 million barrels. Average total distillate demand for the past four weeks was down 0.53% compared to last year. EIA heating oil stocks fell 861,000 barrels.