FastSaying
There's hardly any fundamental support underpinning the market. Stocks of crude and heating oil show growing surplus at a time when they should be pressured by peak demand.
Mike Fitzpatrick
Oil
Support
Time
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The rest of the market, gasoline and heating oil, is carrying crude at the moment, and the data on the crude stock draw also helped,
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It seems that the oil industry is making a real good start at coming back, ... It's a vote of confidence on the repairs.
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The current perception is that there is enough crude and heating oil around, thus the slide in prices.
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Repairs are proceeding apace. Discretionary driving can be cut back but you have got to heat your house. Heating oil will soon lead the market.
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