June heating oil prices established a lower low during the initial morning hours, pressured by a weak macroeconomic tone and sell off in Brent crude oil. Recent data from the National Weather Service estimated this week's heat-related demand for heating oil to be nearly 11.0% above normal. The Commitments of Traders Futures and Options report as of April 17th showed non-commercial traders were net long 20,102 contracts, an increase of 2,196. Non-commercial and nonreportable traders combined held a net long position of 36,976 contracts for a slight increase on the week.