San Francisco Chronicle – Hedge funds boosted bullish bets on heating oil to an 11-week high as frigid weather swept across central and eastern Europe, spurring demand for U.S. fuel while shutdowns of unprofitable refineries threatened supplies.
Wagers that prices will rise advanced 21 percent in the week ended Feb. 7 to the highest level since Nov. 22, the Commodity Futures Trading Commission’s Feb. 10 Commitments of Traders report showed.
