Heating Oil Price Slides Nearly 3% as IEA Demand Cut Hits Crude, Distillates in Focus
U.S. heating oil futures dropped 2.7% Thursday, with the front-month contract down 6.56 cents at $2.3748 a gallon by midday. Distillate fuel oil stocks fell 2.7 million barrels to 124.7 million last week, including a 2.1 million-barrel drop on the East Coast. Crude and product prices tracked a broader oil selloff after the IEA cut its 2026 demand outlook.