Morning Heating Oil Market Report

By Roger Baettig | May 11 2012 9:45 AM

June heating oil prices fell to a new three-day low during the initial morning hours, hamstrung by negative macroeconomic forces and a sell off in Brent crude oil. Some traders were of the view that the positive impact of this week's unexpected EIA distillate inventory draw might have been worked off. There also appears to be potential for a rebound in supply in coming weeks from the boost in refinery capacity.

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