Heating Oil price today: ULSD futures jump near 10% as Strait of Hormuz fears bite
U.S. April heating oil futures surged 9.8% to $3.6163 a gallon Thursday, hitting a 52-week high as supply risks and Middle East tensions rattled markets. Brent crude rose to $84.32 a barrel and U.S. WTI to $79.06. Average U.S. retail diesel prices climbed to $4.04 per gallon. Distillate inventories remain about 3% below the five-year average, EIA data showed.