11. Colder weather is expected in the U.S. Northeast later this week, boosting heating oil demand. 12. Consumption of the latter two products makes up nearly half of oil demand. 13. Colder than normal temperatures across much of the nation in coming days could also help lift oil prices by boosting heating oil demand. 14. Corn and soybean futures had rallied Thursday on signs of soybean oil demand from China. 15. Easing inventory concerns and lower heating oil demand come at a time when U.S. refiners are processing less crude to perform seasonal equipment upkeep. 16. Even so, almost every expert believes that Asian oil demand will start to rebound fairly soon. 17. Global oil demand was essentially flat in the first half of the year, according to the Energy Information Administration, the analysis arm of the U.S. Energy Department. 18. Heating oil prices fell amid forecasts for warmer weather this week the Midwest and Northeastern U.S., the primary centers of heating oil demand. 19. Heating oil demand peaks during the winter. 20. Heating oil demand peaks during winter. |