America's LargestUPDATE: Positive Data Boosts Oil, Leads to Midday Price Change
Crude and heating oil prices rose sharply on NYMEX this morning as investors saw economic recovery on the horizon. The IEA’s raise in its forecast for oil demand pointed to a revival in the economy and many analysts predict positive news from corporate earnings reports this week. Economic recovery would raise demand and cut into existing inventories that have weighed on prices of crude and heating oil.
HEAT USA Price Report
Midday Price Change: Average retail heating oil prices are UP $0.06 per gallon from this morning.
