Having lost 15.44 cents over 3 days, Today is looking a bit better: NY Heating Oil trades at $3.41 per gallon, after ending yesterday at $3.4.
United States Core PCE Price Index (MoM) (Dec) is next.
Uncertainty around NYMEX Heating Oil is reflected by published market data as United States New Home Sales (Dec) came out at 616,000, while a consensus of analysts was expecting 617,000. Data for United States Core Durable Goods Orders released yesterday at 13:30 UTC is better than expected with -0.1%, but worse than previous figure of 0.1%. United States GDP released yesterday at 13:30 UTC is better than expected at 2.9 but down from preceding data of 3.2 according to new data.
Meanwhile, mixed performances are seen in other Energy as Brent Crude Oil moves 0.48% to trade around $87.89. Crude Oil moves 0.44% to trade around $81.37.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released today at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is scheduled for today at 13:30 UTC.
NYMEX Heating Oil has shed 18.26% over the past three months.