August heating oil prices took a negative turn during the early morning hours and fell to a new three day low in the process. The primary sources of weakness appeared to come from a weak outside market tone, sell off in Brent crude oil as well as residual concerns over EIA data that showed a larger than expected inventory build. EIA distillate stocks rose 3.112 million barrels, which compares to expectations of 1.0 million. Distillate imports came in at 91,000 barrels per day compared to 81,000 barrels the previous week. Average total distillate demand for the past four weeks was up 2.74% compared to last year. Heating oil stocks slipped 45,000 barrels last week to 25.596 million barrels, which is the lowest for this week since 2008.