Heating Oil Rises to Over 2-Month High
US heating oil futures have surged over 3% to approximately $2.51 per gallon, marking a two-month high due to heightened demand from an extreme winter storm. Tight inventories and constrained refinery runs have further supported distillate prices, reducing the usual seasonal buffer. Crude benchmarks remain strong amid geopolitical risks and supply concerns, while a weaker US dollar has made commodities cheaper for foreign buyers.
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