What's moving the oil markets?
The fear about insufficient
heating oil stocks this winter appeared to be unfounded so far with the contango
in the gasoil market since mid-August encouraging traders to store material. The
latest round of stock data from the US Department of Energy showed that heating
oil stocks were 6.4-mil bbl above year ago levels and 2.6-mil bbl above the
five-year average.
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http://www.platts.com/Oil/Resources/Whats%20Moving%20the%20Market/