Tight supply fundamentals continue to put upward pressure on oil prices. The Energy Information Administration said U.S. crude stockpiles have fallen 10 percent since the end of June. Inventories normally dip in the summer, peak driving season, and recover in the fall. But so far this year, there has been no sign of a seasonal supply increase.As a result, winter is a particular challenge. The New York spot price for heating oil hit $2.60 per gallon in early November, roughly a dollar more ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com