# Heating Oil Hits Over 10-Week Low

> US heating oil futures fell to about $4.18 per gallon, their lowest level since late August, as expectations for further Middle East diplomacy eased fears of renewed attacks on Iran. Distillate inventories fell 3.6 million barrels in the week ended October 30 and remained 13% below the five-year average, while Ukrainian strikes on Russian energy infrastructure raised concerns about fuel production and exports.

- Date: 2026-11-10 · published 2026-11-10T15:08:48.408Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/91900-heating-oil-hits-over-10-week-low
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower perceived geopolitical risk pressured heating oil, while low inventories and possible disruption to Russian fuel supply limit downside and signal tight distillate availability. The move may affect diesel and crude-linked costs, but no direct feed commodity price effect is established.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-05-29 | [Oil Settles at Six-Week Low \| Rigzone](https://feedsoft.ai/events/19428-oil-settles-at-six-week-low-rigzone.md) | +1.4% | -11.2% |
| DIESEL | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +7.4% | +12.6% |
| DIESEL | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -17.1% | -7.8% |
| DIESEL | 2026-02-02 | [Oil Falls 5%, ULSD Tumbles 14% on De-Risking Over Iran](https://feedsoft.ai/events/5923-oil-falls-5-ulsd-tumbles-14-on-de-risking-over-iran.md) | -8.6% | +13.1% |
| DIESEL | 2026-09-30 | [More oil out of the Gulf translating to lower prices - FreightWaves](https://feedsoft.ai/events/17654-more-oil-out-of-the-gulf-translating-to-lower-prices-freightwaves.md) | -6.2% | -4.4% |
| WTI | 2026-05-29 | [Oil Settles at Six-Week Low \| Rigzone](https://feedsoft.ai/events/19428-oil-settles-at-six-week-low-rigzone.md) | +4.6% | -23.5% |
| WTI | 2025-11-20 | [Heating Oil vs WTI crack spread November 20,2025](https://feedsoft.ai/events/11485-heating-oil-vs-wti-crack-spread-november-20-2025.md) | -2.1% | -6.3% |
| WTI | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +9.2% | +13.1% |

## Sources

- squawknews.com: https://squawknews.com/news/888141-heating-oil-hits-over-10-week-low

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.