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29 May | Other

United States. Heating Oil Stockpiles. The value of the indicator has increased from -0.348M to -0.006M

Heating Oil

A report on this calendar event is released weekly by the Energy Information Administration.

The presented indicator indirectly characterizes the demand for petroleum products in the United States and helps to predict the need of the country's industrial sector for crude oil in the short term.

The indicator has almost no direct effect on oil prices. Analysts consider it together with other indicators of the oil market.

Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the fall in quotes of Heating Oil.

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