We are now approaching a time of year, where people across many parts of the world are preparing for the winter season. Oil consumers and providers will be watching weather patterns, as they could have a bearing on demand and supply in the market, impacting both prices and stock levels. Last year saw a relatively mild winter, which can be a significant game changer for the fortunes of the heating oil market, although the weather very rarely has any influence on crude oil prices. This year in the United States, more severe conditions are being predicted by AccuWeather , with above average snowfalls forecast in north eastern areas, where heating oil demand is usually the strongest. In the New England region, it’s thought that there will be fewer days of subzero temperatures, though in general the temperature will average 3 to 5 degrees Fahrenheit lower than last year. The […]