Heating oil ETF UHN slips after surprise distillate build — what markets watch next
U.S.-listed heating oil fund UHN fell 2.18% to $20.60 premarket Wednesday after U.S. distillate inventories jumped by 5.6 million barrels, according to the Energy Information Administration. NY Harbor ULSD futures for February slipped 0.78% to $2.0667 a gallon. Crude prices steadied after a larger-than-expected draw in U.S. crude stocks. Market concerns linger over possible oversupply and thin trading in UHN.
