Wednesday, June 06, 2007

Spread traders sparking Heating Oil rally!

Normally, Heating Oil futures are quiet in the summer, as traders focus on Gasoline supplies going into the peak US driving season. However, the past few sessions, Heating Oil has out- performed its product mate, as low Heating Oil stocks and unwinding of Gasoline/Heating Oil spreads by large speculative accounts have caught traders by surprise. Read More.....