Early morning gains in July heating oil appeared to come from a rebound in outside market sentiment and a rally in Brent crude oil. Some traders indicated that the price action in heating oil seemed to overlook private industry data after yesterday's close that showed a larger than expected build in distillate stocks last week. Expectations for this morning's EIA report are for distillate stocks to have increased around 1.0 million barrels and just below the five-year average build of 1.4 million barrels.