Heating Oil Rallies 11.6% as Bonds Sell Off for Second Week and Metals Turn Mixed
Heating oil surges 11.6% while bonds decline for a second week amid rising rates. Metals end mixed with copper gaining and silver pulling back.
Source: Peak Prosperity
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DW NOTE
Heating oil up 11.6% in a week because winter 2027 supply tracks Brent futures, which sit 36% below yearly highs while the Strait of Hormuz stays blocked. Bond yields climbing on the Fed holding rates into 6.4% PPI—real yields negative, the market pricing in no relief.