UHN United States Heating Oil Fund Loading...

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20:03
Apr 15
Narrator Bloomberg Markets
Diesel prices will stay elevated due to supply and demand.
Disruptions in the Strait of Hormuz have choked off Middle East exports of heavy crude, which yields more diesel and jet fuel. Combined with strong demand from heating (chemically the same as diesel), trucking, shipping, and military consumption, diesel prices are rising faster than crude and are expected to stay elevated even if crude pulls back.
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About UHN Analyst Coverage

Buzzberg tracks UHN (United States Heating Oil Fund) across 1 sources. 1 bullish vs 0 bearish calls from 1 analysts. Sentiment: predominantly bullish (100%). 1 total trade ideas tracked.