empty
 
 

22.07.202601:56:33UTC+00Heating Oil Trades at 2-Month High

US heating oil prices climbed to about $4.10 per gallon, the highest level in two months, amid mounting fears of more severe supply disruptions. The US extended its strikes on Iranian military targets for an 11th straight night, while Yemen’s Iran-backed Houthi movement threatened to attack Saudi oil tankers in the Bab el-Mandeb Strait and declared a naval blockade of Saudi Arabia. At the same time, President Donald Trump played down the likelihood of near-term negotiations with Iran and warned of broader military action.

Beyond the Middle East, supply risks also emerged in the Black Sea region, where attacks hit the Caspian Pipeline Consortium terminal, a critical route for Kazakhstan’s crude exports. Markets were further strained by tighter refined fuel supplies, as Ukrainian strikes on Russian refineries continued in the wake of Moscow’s diesel export ban. Seasonal refinery maintenance, together with years of refinery closures in the US and Europe, added another layer of upward pressure on prices.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback