Heating Oil Price Jumps as Cold Snap Looms and Inventory Data Takes Center Stage
NYMEX ULSD March futures rose 2% premarket Wednesday, up 4.66 cents to $2.3443 a gallon, outpacing crude’s 18-cent gain to $60.54 a barrel. Traders cited colder U.S. weather forecasts and anticipation of delayed distillate inventory data. The EIA’s weekly petroleum report is due Thursday at noon EST.