Heating oil price slips after cold snap surge as traders take profit; inventories in focus
NY Harbor ULSD March futures fell 0.9% to $2.3283 a gallon Tuesday as winter storm disruptions unsettled distillate trading. U.S. crude output dropped by up to 2 million barrels per day over the weekend, but production and refinery operations are recovering. Traders await outage updates and Wednesday’s U.S. inventory report.