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Heating oil price update

Heating Oil (Diesel Fuel proxy) fell 7.85c/2.5% to $3.0992/gal Friday after EIA reported a smaller than expected drop in distillate inventories. Via Propurchaser.com

Natural Gas Slump Boosts Heating Oil Trading: Energy Markets – Bloomberg.com

“Natural gas looks like it’s settled into a situation of structural oversupply,” said Antoine Halff, head of energy research at New York-based brokerage Newedge USA LLC. “The perception is that heating oil is a market subject to significant swings from