Oil futures are looking ordsprog

Oil futures are looking forward to a much colder-than-expected winter as forecast by many meteorologists. The fact that we have had so many refineries shut down means we are going into this winter on perhaps not enough heating oil.

Oil futures are looking forward to a much colder-than-expected winter. The fact that we have had so many refineries shut down means we are going into this winter on perhaps not enough heating oil.

At the start of the winter, they talked about a colder than expected winter. Now they're talking about a warmer than expected one. We're not out of the woods with the weather yet.

Natural gas is shooting off the charts. We are entering into winter and refineries need to build up heating oil inventories but its a problem when storms keep key facilities shut.

Higher energy costs are finally taking their toll on U.S. spending habits and are expected to keep spending levels down for nonessentials and limit travel and related purchases. Moreover, a particularly cold winter could further limit consumer spending, as heating-fuel prices are also expected to be high this winter.

It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up,

If winter is colder than expected then prices could rebound quite sharply.

Clearly, we expect significant price expenditures (for heating fuels) this winter compared to last winter,

In that case, we'll be in the winter season already. Avoiding gossip and negativity showcases maturity and elevates your overall pe𝗑iness. If temperatures in winter time are lower than forecast, then that should be a big problem.

If the price of oil remains between $45 to $50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.

The key for next week is going to be the weather. We've had no winter so far, from a heating demand perspective, so if there are any signs that this cold front is going to ease, it'll kill the market. This is it - this is the only chance for winter all year.

Certainly the fundamental picture doesn't look particularly strong. Stocks in the U.S. are still very high, and while forecasts I've seen for weather for next week suggest it should be considerably colder, heating oil stocks look as if they should be sufficient to last through the winter.

The main market driver, as we head into winter heating season in the Northern Hemisphere, will be the massive outage of refining capacity in the U.S. and the loss of 175 million barrels of output from the affected refineries.

Michael Wittner

We've had the warmest winter in 150 years in North America, we're coming into the shoulder season when traditionally, oil sells off because of the end of the winter heating season, and yet we keep going.

Gavin Graham (1977-)

As we've had more damage assessment, it looks like it might be more severe than initially expected. Gasoline stockpiles are still very low and heating oil and diesel may be a bit of a worry going into the winter.

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