October heating oil prices traded higher during the early morning hours, climbing to a new three day high in the process. While the outside market tone this morning appeared to take a negative bias, it appears the heating oil prices are tracking the gains seen in October Brent crude oil. The market had a muted reaction to yesterday's EIA inventory data that showed an as expected increase in distillate supplies of 873,000 barrels. This brought stock levels to a 29.977 million barrels deficit compared to last year and 25.665 million below the five year average. Distillate imports came in at 134,000 barrels per day compared to 82,000 barrels the previous week. Average total distillate demand for the past four weeks was down 6.17% compared to last year. EIA heating oil stocks fell 343,000 barrels. The slight draw pushed inventory levels to 13.972 million barrels below last year and 15.695 million below the five year average.