Text Size:
A | A

Hart Energy Commodities Report Feb. 23

Text Size: A | A
Kristie Sotolongo
February 24, 2014

Oil Slips as Warmer Weather Curbs DemandNYMEX-traded crude prices fell on Friday, slightly eroding their sixth straight week of gains as the brutal wintry weather in the U.S. that has supported heating-fuel demand gave way to milder temperatures – triggering a sell-off in heating oil futures. Temperatures in the U.S. Northeast climbed into the 50s°-Fahrenheit range (above 10° Celsius) after a multi-month cold snap reduced stockpiles of heating oil to the lowest level in a decade. New York ultra-low sulfur diesel, or heating oil, futures tumbled by more than 2%, ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription