heating oil options

heating oil gains

August 3rd, 2012

Heating oil futures and gasoline gained as U.S. payrolls rose more than estimated in July and a sagging dollar boosted the investment appeal of commodities.

Gasoline futures rose after payrolls climbed 163,000, more than the 100,000 median estimate of 89 analysts in a survey by Bloomberg. The dollar fell against the euro after members of German Chancellor Angela Merkel’s coalition signaled they won’t oppose European Central Bank President Mario Draghi’s plan to buy government bonds to ease the region’s debt crisis.

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June 22nnd, 2012

Commodity Futures – Soybean and corn traders are bullish for a ninth week on mounting concern that dry weather will cut U.S. crop yields at a time when hedge funds are adding to wagers on higher prices.

Twenty-three analysts surveyed by Bloomberg said they expect soybeans to climb next week and three were bearish. A further four were neutral. Twenty expect gains in corn, four predicted a decline and five were neutral. Speculators raised bets on costlier soybeans for the first time in six weeks and increased net-long positions for corn from the lowest level in almost two years in the week ended June 12, U.S. Commodity Futures Trading Commission data show.

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June 19th, 2012

Heating oil futures rose on speculation that the Federal Reserve will act to stimulate the economy and the result will be stronger fuel demand.

Futures gained as Fed policy makers begin a two-day meeting today. The central bank’s so-called Operation Twist plan, which involves selling short-term debt and buying longer-term bonds, is set to end this month. Heating oil is traded as a proxy for diesel.

“The market seems to be pricing in at least an extension of Operation Twist,” said Phil Flynn, senior market analyst at Price Futures Group in Chicago. “We expect some action from the Fed. The question is the degree.”

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