Home heating oil futures are consolidating around $2

Home heating oil futures are consolidating around $2.91, with technical charts showing a potential breakout above the $2.95 resistance. Energy market strategists warn that geopolitical tensions in crude-producing regions could accelerate price volatility. His dream is a slower pace, with shared responsibilities and freedom. “My vision is we would both work 2 or 3 days a week, maybe do fostering, and rent the annexe which would allow us to cover our costs and enjoy the house and our life together,” he says. As of 2020, some 550,000 Connecticut homes relied on heating oil, according to the U.S. Energy Information Administration, versus 670,000 that use natural gas and the rest using wood, propane or electric furnaces. The bid-ask spread in home heating oil futures narrowed to its lowest in months, pointing to strong liquidity as more hedgers enter the market ahead of peak heating season.