Heating oil prices climbed 1.5 percent to a one-month high of $1.4050 a gallon.
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Crude Soared To $50
Crude oil prices rose to $50 a barrel on Monday after the U.S. Northeast blizzard boosted demand for heating oil
Crude oil prices rose almost to $50 a barrel on Monday after the U.S. Northeast blizzard boosted demand for heating oil, moreover, coming Iraqi elections and OPEC meeting also kept prices near an eight-week high.
U.S. light crude climbed 56 cents to $49.09 a barrel, building on Friday's $1.22 rally.
A blizzard caused temperatures to be lelow the seasonal average, driving homeowners to fire up their furnaces. The weather is expected to return to near-normal conditions by Tuesday, said forecasters Meteorlogix.
Heating oil prices climbed 1.5 percent to a one-month high of $1.4050 a gallon.
Heating oil prices climbed 1.5 percent to a one-month high of $1.4050 a gallon.
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