October heating oil prices advanced to a new five day high during the initial morning hours and appeared to be in the process of extending its latest three day winning streak. Some of the early support for heating oil came from a modest improvement in the macroeconomic tone, as well as upside breakout action in Brent crude oil. Meanwhile, the heating oil market remained inside of its recent trading range between $3.20 to $3.10.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.