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Barchart
Barchart
Andrew Hecht

How High Can Heating Oil and Distillate Prices Rise?

Oil Nymex Middle East United States Inflation Iran

I asked if heating oil and distillate prices are heading for higher highs in an August 7, 2026, Barchart article, and I concluded with the following:

The path of least resistance for Brent crude oil will determine price action in heating oil futures and other medium-distillate products. In August 2026, the landscape favors higher prices as the hostilities continue to escalate. Expect significant volatility in oil and oil product prices over the coming days, weeks, and months, with Brent crude oil and heating oil futures showing the highest volatility.

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