Heating Oil 4 Hour Price Update
Updated June 23, 2020 03:07 PM GMT (11:07 AM EST)
The back and forth price flow continues for Heating Oil, which started the current 4 hour candle off at 1.2263 US dollars, up 1.93% ($0.02) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the previous 4 hours in terms of percentage price change.
Heating Oil Daily Price Recap
The back and forth price flow continues for Heating Oil, which started today off at 1.2263 US dollars, up 1.93% ($0.02) from the previous day. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 3rd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Heating Oil.
Heating Oil Technical Analysis
Volatility for Heating Oil has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From calvinfroedge:
But long term, EV sales are down this year (Wood Mackenzie says 2020 sales will be down 43%) and jet fuel demand should have recovered significantly by the end of the year.Throw in a cold winter (heating oil demand) and Q4/Q1 could unexpectedly be quite strong for tankers.
- From joncarltonmead:
@sanctionsarewar Yeah, actually it was still Bush when he did that but that was when Chavez came to my attention. When he gave that speech at the UN and called Bush the Devil. He went to NY with Danny Glover and gave OUR people free heating oil.
- From kmd123cat:
@MoneySavingExp Not really down to my effort, but, during the restrictions, domestic heating oil reduced to a third of its highest price in the last 12 years. This is a significant issue to rural communities who are usually reliant on oil for heating and cooking.