Heating oil price today steadies near $2.25 as Iran risk collides with U.S. stockpile test
U.S. heating oil futures rose to $2.2488 a gallon premarket Wednesday, up 0.46%, tracking gains in crude as unrest in Iran fueled supply concerns. The American Petroleum Institute reported a 4.34 million-barrel build in distillate stocks. More Venezuelan crude is arriving at U.S. ports, widening the WTI-Brent spread. Traders await the EIA’s weekly petroleum report at 10:30 a.m. EST.