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Heating Oil Climbs on Crude Supply Worries
09/28/2018
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Heating oil prices have been moving higher due to tightening crude oil supplies entering the U.S. Rick Perry energy secretary spoke at a news conference indicating that the Trump Administration has no intentions on releasing oil from the U.S. strategic petroleum reserve.
 

Russia and the Petroleum Exporting Countries Organization (OPEC) made no formal announcement on Sunday for any additional supply in crude. However, Saudi Arabia says it could add an extra 1.5 million barrels on a daily basis.

Does crude oil affect heating oil prices?

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