1. As temperatures start to dip, oil analysts are getting nervous about industry heating oil inventories that are running well below year-ago levels. 2. A larger-than-expected drop in refinery operations last week could lead to smaller gains in gasoline and heating oil inventories than analysts expected. 3. A surprise jump in heating oil inventories last week reported by the American Petroleum Institute pushed prices lower. 4. All seven analysts expect a rise in heating oil inventories, with refineries operating at unusually high rates. 5. All seven analysts expected a rise in heating oil inventories, with refineries operating at unusually high rates. 6. Concern the recent increase in heating oil inventories could soon end helped prices recover. 7. Despite earlier concerns, home heating oil inventories will likely be large enough to prevent prices from surging this winter, traders said. 8. Heating oil futures fell, pulling crude lower, after an unexpected rise in heating oil inventories overshadowed an equally unexpected drop in crude oil supplies. 9. Price gains could be limited though, some traders said, because of large increases in heating oil inventories during the summer as oil companies prepared for increased demand. 10. Speculation that a weekly report today from the API would show heating oil inventories posted an unseasonably small rise or possibly a decline also boosted prices, traders said. |