Now that the weather forecast has changed to predict warmer weather, the prices have come down quite significantly.
Dariusz Kowalczyk
Supplies of heating oil are very low compared to other supplies of energy commodities.
energy oil
Slower U.S. Growth may reduce growth in oil demand in the second half of the year. We are seeing proof of reduced U.S. Consumer confidence.
proof growth confidence oil demand
The hurricanes which battered the U.S Gulf Coast did not have the impact on the labor market as was earlier expected.
labor market impact
The report was a big surprise. Crude oil seems very ample.
surprise big oil
The seasonal effect of cold weather, stronger demand for heating oil, will pull higher the whole energy complex higher.
weather energy complex effect cold oil demand
weather
The period of forecasted warm weather in the United States has been extended to the first four weeks of the new year. This has driven the price of all energy commodities down.
weather energy price
The reason for the rise is the increase in the geo-political risk premium because of the situation in Iran.
reason risk iran situation rise
Right now the market supply for oil is tight.
market oil
This being the last day of the week I expected prices to come down on profit-taking.
day
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