Heating oil price today: Futures rebound after Monday rout as Iran talks and milder forecasts hit demand
U.S. heating oil futures rose 0.8% to $2.3791 a gallon early Tuesday, recovering from Monday’s 6% drop. Oil prices steadied as traders watched U.S.-Iran talks and awaited Wednesday’s distillate inventory data. The dollar strengthened after Kevin Warsh’s Fed nomination. Brent and U.S. crude edged up 0.1% to 0.2%.