U.S. inventories of distillates, including heating oil, are thought to have fallen 2.4 million barrels in the week to Jan. 21 as homeowners stocked up ahead of the freeze, a preliminary Reuters poll of nine analysts found.
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Oil Prices Stopped To Rise
Oil prices fell on Tuesday as the U.S. Northeast expexted warmer weather, forgetting about recent blizzard
Oil prices fell on Tuesday as the U.S. Northeast expexted warmer weather, forgetting about recent blizzard, which sent prices to $50; and some traders moved to the sidelines ahead of Iraqi elections and an OPEC meeting.
U.S. light sweet crude dropped 23 cents to $48.58 a barrel on the New York Mercantile Exchange.
U.S. inventories of distillates, including heating oil, are thought to have fallen 2.4 million barrels in the week to Jan. 21 as homeowners stocked up ahead of the freeze, a preliminary Reuters poll of nine analysts found.
U.S. inventories of distillates, including heating oil, are thought to have fallen 2.4 million barrels in the week to Jan. 21 as homeowners stocked up ahead of the freeze, a preliminary Reuters poll of nine analysts found.
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