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16.09.2021

Market commentary on heating oil 16.09.21

marktkommentar_heizoel_997_600

On the one hand, refinery hotspots along the U.S. Gulf Coast are still grappling with the aftermath of late-summer hurricanes; on the other hand, a forecast by the International Energy Agency predicting rising oil demand is fueling fears of a supply shortage. Prices have now climbed to their highest level since the beginning of last year.