What's moving the oil markets?

What's moving the oil markets?

Talk of warm weather in the US Northeast is having a bearish effect on products markets, especially heating oil, causing a knock-on effect on crude, market sources said. Analysts expect mild temperatures across the US Northeast to keep pressure on heating oil until forecasts shift back in the direction of colder weather. Temperatures are expected to remain above seasonal normal levels in the region until at least Wednesday, according to forecasts by Accu-weather.