Friday, January 18, 2019
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heating oil

heating oil rises to nine-week high on stimulus hopes, mideast

heating oil climbed to a nine-week high on concern that middle east stress will affect oil supplies and on speculation that the federal reserve will add more stimulus to boost the economy.

hedge fund heating oil bets surge on deadly cold: energy markets

hedge funds boosted bullish bets on heating oil to an 11-week high as frigid weather swept across central and eastern europe, spurring demand for u.s. fuel while shutdowns of unprofitable refineries threatened supplies.

wagers that prices will rise advanced 21 percent in the week ended feb. 7 to the highest level since nov. 22, the commodity futures trading commission's feb. 10 commitments of traders report showed.

heating oil jumped to a nine-month high on feb. 7 as blizzards, high winds and freezing weather in europe closed airports and schools, disrupted shipping and killed hundreds. u.s. exports of distillate fuels, including heating oil and diesel, have increased 19 percent in the past year and climbed to a record in december, according to preliminary energy department data released feb. 8.


  • Department of Energy Weekly Report (Wednesdays 10:30am est)
  • American Petroleum Institute Weekly Report (Wednesdays 10:30am Est)
  • Natural Gas Inventories Weekly Report (Thursdays 10:30am est)
  • OPEC Production Quotas
  • OPEC Monthly Oil Market Report
  • Non-OPEC Oil Production
  • Mideast Stability
  • Weather- Related demand
  • CFTC Commitment of Traders Report
  • Energy Information Administration Report (Tuesday afternoons)
  • International Energy Agency Policy
  • Chinese (Asian) demand
  • Iraqi production and export levels
  • Russian shale production
  • Alternation Energy production and technological breakthroughs
  • Inflation
  • Dollar weakness and purchasing power
  • Refining Capacity
  • Weather related refining production limitations (eg hurricanes in the gulf)
  • Venezuelan Production
  • Venezuelan Foreign Policy in relation with US
  • Iran Nuclear dispute status
  • US Strategic Petroleum Reserves
  • US New Drilling and Exploratory Initiatives
  • Oil Spills
  • International Energy Agency Reserves
  • General Accountability Office Study on Geopolitical Disruptions
  • International and Domestic Tax rates relating to oil and gasoline
  • New Geopolitical order after Arab Spring

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