The end of March has the heating oil market turning south as demand in the US follows winter buying into decline, market sources said Monday. Total US stocks of the product have reached 14.39 million barrels, the lowest level since the US Energy Information Administration began tracking the data in 1993. The low comes on the back of a sustained decline, stocks shed 2.74 million barrels in six weeks, according to EIA data. “Stocks are not going to increase going into summer,” one broker said, “and with RINs attached, I think refiners will be exporting more.” Article continues below… Request a free trial of: Oilgram News Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly […]