Epic Research Singapore : Comex Market Update

On Nymex, February heating oil HOG4 +0.25% closed at $2.95 a gallon, down 1 cent, or 0.3%, and February gasoline RBG4 +0.32%  slipped about 2 cents, or 0.8%, to $2.66 a gallon.

“The biggest surprise in the data was the much larger-than-expected build in gasoline,” said John Macaluso, research analyst at Tyche Capital Advisors, explaining that the increase in gasoline supplies may be due to the “year-end tax consequence selling of crude oil.
 
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