Heating oil price today jumps as crude firms on U.S.-Iran tension, inventory data in focus
NYMEX March heating oil futures rose 2.90 cents, or 1.2%, to $2.4383 a gallon by 6:54 a.m. EST Wednesday, tracking higher crude prices. Gains followed reports of U.S.-Iran tensions in the Strait of Hormuz and a drop of over 11 million barrels in U.S. crude stockpiles. Traders awaited the U.S. inventory report due later Wednesday.