US Heating Oil, Diesel Stocks Dwindle as Demand Rises

7 months ago
Supplies of diesel and heating oil in the United States have dwindled as refiners are having trouble replenishing the domestic fuel supply this winter, which may keep oil prices elevated for months. Heating oil futures reached $2.83 per gallon at the market’s close on Feb. 4, the highest price in seven years. U.S. and global benchmarks for crude-oil futures hit above $90 a barrel, as a harsh winter storm affected large portions of the country, adding to existing supply concerns. The late...
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