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US residential No. 2 heating oil peaked at $6.23 a gallon on October 23, 2026, then fell to $5.915 by November 9. Wholesale heating oil fell 11.2% over the same period as crude and refining margins declined.
Lower diesel and heating oil prices reduce energy costs for feed transport and drying, and weaker crude eases pressure on biofuel feedstock economics.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.