Heating Oil trades at $2.41 per gallon, after ending yesterday at $2.39.
United States Producer Price Index is next today at 12:30 UTC.
Uncertainty around Heating Oil Futures is reflected by published market data as United States Crude Oil Inventories came out at 2.95 million, better than analyst estimates of -917,000 and improving upon the previous reading of -1.28 million. United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 4.9%, while the previous figure was 5%. United States Core Consumer Prices came out at 0.4%, while a consensus of analysts was expecting 0.4%.
Meanwhile, mixed performances are seen in other Energy as having closed the previous session at $76.41, Brent Crude Oil is up 0.77% today to currently trade at around $77. Crude Oil ascends 0.77% to trade around $73.12.
Moreover, United States Producer Price Index is projected to outperform its last figure with 0.3%. It previously stood at -0.5%; data will be released today at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 245,000 from the preceding figure of 242,000.
The commodity has been trending lower for about 3 months. Heating Oil Futures is now trading 8.22% above the significant low ($2.21) it slumped to 8 days ago.