Heating Oil gains 2.27%, putting it at the top of this list of commodities gainers.
Commodity markets are flat — Natural Gas trades at $6.57 after losing 5.28%. Corn slipping 0.57% and closing at $649.75.
Current market events are being influenced by ambiguous macro data as highly important Crude Oil Inventories data from United States beat analyst expectations of -3.60 million with a reading of 10.23 million.
Though yesterday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
WTI crude | +1.7% in mid-session
The commodity has been trending lower for about a month.
Heating Oil Futures | +2.27% in mid-session
NY Heating Oil is on a 3 day bullish run gaining 29.85 cents (13.2%). As the session continues, it seems to maintain one direction — after closing the previous trading day at $3.09, Heating Oil went up to $3.2 only to drop back; still positive overall today, now trading at $3.16 per gallon.
Brent crude oil | +1.51% in mid-session
ICE Brent crude is on a 3 day bullish run gaining $4.58 (7.62%). Consistent for now — Brent crude oil posts light gains on a low-volatility day, ranging between $80.13 – $82.22 and is now at $81.9 per barrel.