empty
 
 

2025.11.1814:33:35UTC+00Heating Oil Hovers at Yearly Highs

US heating oil futures have climbed above $2.60 per gallon, reaching yearly highs amid concerns over supply and an anticipated increase in demand as winter approaches. The market is confronting a shortage of distillate fuel in the United States, with current inventories falling significantly below seasonal averages. Additionally, potential disruptions in crude supply are linked to recent Western sanctions imposed on Russian oil producers such as Rosneft and Lukoil. Meanwhile, crude oil benchmarks are under pressure due to projections of increasing global inventories and a predicted supply surplus that could last through 2026, as non-OPEC production is expected to grow at a faster pace than demand. The market is currently balancing these supply concerns and the arrival of colder weather in the Eastern US with the longer-term bearish projections for crude oil.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback