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Trends & Analysis
News

Shares of Delta Air Lines shorted on earnings miss

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Add Amazon ahead of earnings?

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Crude oil slides on rise in US inventories

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PepsiCo’s shares gain despite 2024 outlook cut

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British pound continues last week’s downtrend

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Is Microsoft too cheap to ignore?

Trends & Analysis
News

Shares of Delta Air Lines shorted on earnings miss

News

Add Amazon ahead of earnings?

News

Crude oil slides on rise in US inventories

News

PepsiCo’s shares gain despite 2024 outlook cut

News

British pound continues last week’s downtrend

News

Is Microsoft too cheap to ignore?

Heating Oil introduction and background

Heating oil is a refined petroleum product commonly used for residential and commercial heating purposes. Also known as fuel oil No. 2, it is derived from crude oil through a refining process. Heating oil is a popular choice for heating homes, buildings, and industrial facilities, particularly in colder regions where it provides a reliable and efficient source of heat. Accordingly, demand for heating oil is highly seasonal.

The price of heating oil is influenced by several factors, including crude oil prices, supply and demand dynamics, weather conditions, and geopolitical events. Changes in crude oil prices, in particular, have a significant impact on heating oil prices, as heating oil is a refined product of crude oil after ‘cracking’ in refineries.

Heating oil is an industrial commodity, but most of its applications are domestic. Heating oil is more illiquid than other oil products, and often quite volatile. Like other industrial commodities, heating oil may trade in supercycles.

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