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By Phil Flynn |
April 2, 2013
While manufacturing reported weakness caused a drop in oil, heating oil led a product comeback. Yet it was natural gas that quietly closed above $4.00 that was perhaps the most interesting move of the day.
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By Anthony Lazzara |
March 4, 2013
After a big run up in January and February of 2013, heating oil has virtually collapsed in the past two weeks, trading down from $3.23 to almost $2.90 this morning.
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By Anthony Lazzara |
February 5, 2013
Heating oil has had a strong breakout above the $3.10 level, and is up again today, trading at $3.19.
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By Dominick Chirichella |
January 30, 2013
The main economic event of the day will be the outcome of the U.S. Fed FOMC meeting with the focus mostly on the statement as most in the market expects a rollover of existing accommodative policies.
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By Phil Flynn |
January 28, 2013
While WTI and heating oil look toppy, RBOB on the other-hand looks poised to drive higher. RBOB looks to target more than $3.00 a gallon basis the March future.
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By Phil Flynn |
January 23, 2013
The petroleum markets are having a hard time deciding whether they should rally on the cold temperatures, or sell-off on a forecast that puts most of the eastern half of the United States to back above normal temperatures.
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By Phil Flynn |
January 15, 2013
Chicago Fed President Charles Evans and cold weather boosted the petroleum markets. The sector is being led by European gas oil which is driving heating oil higher.
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By Moming Zhou, Bloomberg |
January 14, 2013
Oil rose to the highest level in almost four months as service began on the expanded Seaway pipeline and heating oil jumped.
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By Naureen S. Malik, Bloomberg |
December 28, 2012
Natural gas futures gained in New York for the second time in three days on speculation that a cold start to January will drive up demand for the heating fuel.
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By Anthony Lazzara |
November 2, 2012
If heating oil can stay below $3.09, we look for the bears to continue to bring this market lower to our next major price area of $2.87.
