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USD rises amid progress in US-Iran peace talks

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Gold prices rise after 3 weeks of decline

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Kroger shares fall despite Q1 sales beat

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US dollar gains ahead of central bank meetings

Trends & Analysis
News

USD rises amid progress in US-Iran peace talks

News

Gold prices rise after 3 weeks of decline

News

Kroger shares fall despite Q1 sales beat

News

Brent crude falls below $80 on US-Iran peace deal

News

JPY gains versus USD on strong trade data

News

US dollar gains ahead of central bank meetings

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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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