Heating Oil is down to $3.33 per gallon, after ending yesterday at $3.36. Overall, a 0.97% loss or 3.26 cents today.
United States Core PCE Price Index (MoM) (Oct) is next today at 13:30 UTC.
Crude Oil Inventories in United States fell short of market expectations (-2.76 million) with a reading of -12.58 million, continuing the decline from the previous figure of -3.69 million.
On the flip side, United States Pending Home Sales came out at -4.6%, better than analyst estimates of -5% and improving upon the previous reading of -8.7%.
While price action maintains a negative bias, United States JOLTs Job Openings (Oct) released yesterday at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 million.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Non Farm Payrolls are set for a continuation of decline with 200,000 while previous data was 261,000; data will be released tomorrow at 13:30 UTC.
Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 235,000. It previously stood at 240,000; data will be released today at 13:30 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Oct) scheduled to come out today at 13:30 UTC.
The commodity has been trending lower for about a month. 7 months ago NYMEX Heating Oil reached a significant high of $4.94 but has consequently lost 31.97% since then.