Heating oil price leaps as Arctic blast grips U.S. Northeast; traders eye inventory data
U.S. heating oil futures rose 3.48% to $2.3154 a gallon Tuesday as forecasts called for Arctic cold across the Midwest, Northeast, and Mid-Atlantic. Natural gas futures jumped 20% to $3.71. Brent crude edged up to $64.09 a barrel, while WTI settled at $59.58. The EIA’s weekly petroleum report will be released Thursday due to the holiday schedule.