Heating oil price jumps nearly 3% as Iran talks keep energy markets on edge
NYMEX April heating oil futures jumped 2.93% to $2.5999 per gallon by early afternoon Friday, tracking a broader oil rally driven by Middle East supply concerns. Brent rose to $72.84 and U.S. WTI to $67.54 as traders focused on U.S.-Iran nuclear talks. U.S. distillate stocks edged up, but analysts said geopolitics outweighed inventory data in moving prices.