Heating Oil Rises to Over 2-Month High

2026-01-26 06:39 By Judith Sib-at 1 min. read

US heating oil futures rose more than 4% to above $2.50 per gallon, the highest level since November, as a massive winter storm sharply boosted demand for heating fuel.

An Arctic blast sweeping across large parts of the US drove a surge in energy consumption, lifting prices across energy markets, including natural gas.

The demand spike comes at a time when inventories and refinery runs are constrained, reducing the usual seasonal buffer and tightening near-term product availability.

Meanwhile, crude oil benchmarks remained supported by persistent geopolitical risks, reinforcing feedstock strength for refined products.

A softer US dollar added further support, improving affordability for non-US buyers.



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