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Heating Oil May 23 (HO=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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2.6125+0.0487 (+1.90%)
At close: 04:59PM EDT
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Pre. SettlementN/A
Settlement date2023-04-28
Last price2.5638
Day's range2.5576 - 2.6253

    Oil rallies on U.S. crude stockpile draw — only a day late

    Put it down to one of the many market idiosyncrasies but crude prices rallied as much as 2% Thursday on bullish U.S. supply-demand numbers — only a date later than they should have. New York-traded West Texas Intermediate, or WTI, crude settled at $74.34 per barrel, up $1.40, or 1.9%, responding to the weekly petroleum data released by the U.S. Energy Information Administration, or EIA, on Wednesday. London-traded Brent crude settled at $79.27, up 99 cents, or 1.3%.


    Oil slips despite bullish U.S. stockpile balance, Russian cut

    Crude prices fell Wednesday despite a rash of bullish headlines on U.S. supply-demand and Russian production that suggested the market run-up of the past two days may have been excessive to some. New York-traded West Texas Intermediate, or WTI, crude settled at $72.97 per barrel, down 23 cents, or 0.3%. The U.S. crude benchmark rose a total of nearly 6% between Monday and Tuesday.


    Big weekly drop in U.S. crude, gasoline stocks; slight distillates build - EIA

    U.S. crude oil and gasoline stockpiles showed huge weekly declines last week while inventories of distillates registered a rise, the government’s energy data agency said Wednesday. Crude stockpiles fell by 6.076 million barrels during the week ended March 24, the Washington-based Energy Information Administration said in its Weekly Petroleum Status Report. On the gasoline inventory front, the EIA reported a drawdown of 2.904M barrels against an expected drop of 1.625M barrels and the 6.4M-barrel decline in the previous week.