Heating Oil 4 Hour Price Update
Updated July 30, 2020 03:07 AM GMT (11:07 PM EST)
Heating Oil entered the current 4 hour candle at $1.2562, up 1.22% ($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 choppiness in the recent daily price action of Heating Oil continues; to start today, it came in at a price of 1.2562 US dollars, up 1.22% ($0.02) since 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
Notably, Heating Oil is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Heating Oil’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Heating Oil for the past day were:
- From JackIsInCharge:
@mynipsdontlie @WhiteHouse @realDonaldTrump Maybe if you read something besides msdnc, U would recognize the center of America’s energy independence. The Permian Basin keeps your gasoline prices low, your heating oil abundant, & your plastic products in production. Make the popping sound and pull your head outta ur ass.
- From 1981AIRD:
date me. i will buy your father’s heating oil business and i will have a giant house built for us and our future children (three daughters) and i will drive us around in my mercedes 500 sec and i will make sure we wear nothing but armani
- From MountainEdCarte:
@AudreyStJames1 Naturally when they left we had to try it. Fortunately they left the roofing sheets all over the ground. It kind of hurt. Then Mom looked out the kitchen window, saw me climbing up the heating oil tank to get on the roof and screamed!
As for a news story related to Heating Oil getting some buzz:
The problem is that it’s a lot easier, addiction aside, to switch from cigarettes to vaping than it is from home heating oil to geothermal, or whatever, because the cost of switching is miniscule….But that’s not the case with home heating systems….If you want to switch from home heating oil to a more environmentally friendly system, you’re probably facing thousands – maybe tens of thousands – in costs, and the spectre of half your house being dug up so that your whole heating system can be replaced….But with 700,000 homes across Ireland using home heating oil, and even assuming a discounted cost of €5,000 per home to upgrade them all, the state would be facing a bill of €3.5billion for the upgrades….Update: This post originally stated that home heating oil would increase by €65 on foot of the carbon tax increase.