Heating Oil Futures Break Below $1.00

Posted on 03/09/2017 10:25 AM
  February heating oil futures broke through psychological support at $1.00 in this morning's trade. The graphic at right from EIA shows why. National distillate stocks have very nearly climbed above the top end of the five year average supply, driving February futures to as low as 98 cents at midmorning. Technically, next support i...