August heating oil prices climbed to a new high for the advance during the early morning trade but was the lagged inside the crude oil complex. It appeared that early support for the heating oil market came from a modest lift in outside market sentiment, fresh central bank action from the Europe and England, as well as an unexpected move by China's central bank to lower interest rates. Expectations for this morning's EIA distillate inventory report are for a build of 1.0 million barrels.
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