October heating oil prices registered a higher high during the initial morning hours, supported in part by gains in Brent crude oil. There was also talk that China could be closer to raising their domestic fuel prices. Some traders were encouraged by the upside follow through action following Friday's reversal The Commitments of Traders Futures and Options report as of September 4th showed non-commercial traders were net long 16,891 contracts, an increase of 2,726. Non-commercial and nonreportable traders combined held a net long position of 38,269 contracts, for an increase of 3,521 in their net long positioning.
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