Feb

24

oil blowoutHOJ0 [NYMEX heating oil April 2010] is up 35bps while CLJ0 [NYMEX crude April 2010] is up 138bps. More impressive is the fact that crude has retraced all of yesterday's losses while heating oil is fighting to break even.

Round number hypothesis: APR crude reverting back to 80 while there is no real trigger price for heating oil?

Not sure it has anything to do with inventories since the initial reaction was lower.


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