NYMEX heating oil higher on snug stocks

摘要

New York—NYMEX November heating oil futures rallied October 11, gaining ground after US Energy Information Administration data showed a larger-than-expected draw in US distillate stocks last week. Front-month heating oil rose 4.40 cents to settle at $3.2571/gal as product tightness, specifically across the US distillate spectrum, led to analyst speculation that a heating-oil rally could be sustainable.