1. Bloomberg.com "Gasoline
Surges to Three-Month High" January 18, 2012
Heating oil fell as crude weakened after a report that the Obama administration
planned to reject an application to build the Keystone XL pipeline. TransCanada Corp.'s proposed Keystone XL pipeline
would carry crude from Canada's oil sands to U.S. Gulf Coast refineries. 'Everything is down except gasoline'.
2. Bloomberg.com "Saudi Arabia Poised
for Record Heavy-Crude Premiums on Fuel Oil" December 1, 2011
China’s growing fuel-oil demand, combined
with rising tax on Russian exports, pushed Asian prices for the heating and shipping fuel to the highest level in almost two
years in November and boosted refiners’ need for crude rich in the oil product.
3. Balkans.com "World oil prices recovered from
an overnight plunge" August 10, 2011
World oil prices recovered Wednesday from an overnight plunge mainly after US Fed announced
measures to boost US economy amid declining stockpiles. Heating oil rose 7.1 cents to $2.84.
4. Bloomberg.com "Heating Oil Futures Advance
as U.S. Factory Orders Rebound in May" July 5, 2011
Heating oil, traded as a substitute for diesel, gained as
much as 2.2 percent after the Commerce Department reported that bookings for manufacturers’ goods rose 0.8 percent.
5. Bloomberg.com “Crude Oil, Gasoline at Highest Levels Since 2008: Oil Products” April
29, 2011
Heating oil for May delivery advanced 2.42 cents, or 0.8 percent, to $3.2558
a gallon on the exchange, and posted a weekly increase of 1.8 percent. The more actively traded June contract gained 2.99
cents, or 0.9 percent, to $3.2758.
6. BusinessWeek .com "Quake May Mean Heating Oil Price Tops Gasoline:
Energy Markets" March 15, 2011
Heating oil may be more expensive than gasoline
in the U.S. this summer for only the second time in a decade as Japan's earthquake and the war in Libya drive up demand for
American exports of distillates.
7.
Bloomberg.com "Heating Oil Reaches a 27-Month High on Storm Outlook, Refinery Shutdowns" January 10 2011
Heating oil surged to a 27-month high on speculation that cold weather in the U.S. Northeast will increase demand
for home-heating fuel and diesel while refinery shutdowns crimp supply.
8. Bloomberg.com. "Oil Traders Increase Price-Rise Bets for
Second Week, CFTC Says" March 1st 2010
“The market is
trying to move higher and this move has been fed by speculative long accumulation,” said Tim Evans, an energy analyst
at Citigroup Global Markets Inc. in New York."
