Heating oil price today rises before U.S. winter storm as NYMEX ULSD futures rebound
U.S. heating oil futures rose 1.3% to $2.3976 a gallon premarket Friday after a sharp drop, as forecasters warned of heavy snow and extreme cold across much of the country. Refiners braced for possible disruptions from the Arctic blast. Distillate inventories rose last week but remain slightly below the five-year average. Traders await next week’s U.S. inventory report.