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Heating Oil Season Attracts Market Focus | Presented by CME Group
The familiar sound of the furnace kicking on signals the official start of heating oil season. Understanding the journey and pricing of heating oil can help you better prepare for the chill. Weather directly impacts your household's energy expenses.A sharp cold snap or a major storm doesn't just make you colder. It causes a massive spike in demand. This drives up wholesale energy prices and those higher costs.Prices are influenced by several factors. With crude oil being the biggest component, making up nea ...