October heating oil prices traded higher during the Sunday evening hours and registered a higher high during the initial morning hours. It is possible that some of the upside action in the heating oil market came from gains in Brent crude oil and a early lift in sentiment. The Commitments of Traders Futures and Options report as of August 14th showed non-commercial traders were net long 11,595 contracts, an increase of 7,202. Non-commercial and nonreportable traders combined held a net long position of 26,904 contracts, for an increase of 10,425. It is possible that spec net long positioning is understated following upside breakout action that occurred after the report was conducted.