Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 15, 2013 13:45:28

Fuel oil more expensive due to long term, lower temperatures

ColosseumYesterday's rise in the price of futures contracts for heating oil was the strongest since last November and has been fueled largely weather. According to the temperature should be in certain areas of the U.S. is lower than in the normal period. Specifically, it covers the period from 19 to 27 January and the U.S. Northeast. Also in Europe frosts significantly in recent days the situation got tough. Temperatures below freezing mean when oil automatically translate into higher demand. February heating oil futures on the stock market yesterday closed NYMEX increase by 5.4 cents to 306.25 cents per gallon.

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