The main sources of fuel in the UK are gas and electric and in some cases coal is still used. Heating oil is also popular across the UK but when you compare the number of people using heating oil to the number of people using the other types of fuel, you will see that the percentage is quite small.

Commodities finished trading higher as crude oil jumped following a key supply report while gold also finished in the green.

The Energy Information Administration reported a decline of 4.4 million barrels in oil inventories for the week ended June 24.

Light, sweet crude oil for August delivery finished up 2% to $94.77 a barrel. In other energy futures, heating oil was up 3.39% to $2.92 a gallon while natural gas was down 0.9% to $4.31 per million British thermal units.

With heating oil prices from the early April high to the overnight low sitting as much as 57 cents lower or for a decline in excess of 17%, it is clear that the setback corrected a significant portion of the overbought fundamental condition.

Homeowners with oil- fired boilers have faced unprecedented price rises, making it hugely costly for the hot water and heating in their homes, with many considering what options are open to them such as using lower cost biofuels.

July heating oil traded higher during the overnight session, but it has since turned into negative territory. Wednesday’s EIA distillate stocks report showed a 105,000 barrel draw, which might have been tugged lower from boost in Midwest agricultural demand. EIA distillate stocks stand at 15.801 million barrels below last year but are 6.737 million above the five year average. Distillate imports came in at 125,000 barrels per day compared to 155,000 barrels the previous week. Average total distillate demand for the past four weeks was down 3.57% compared to last year. EIA heating oil stocks rose 1.317 million barrels.

Featuring interviews with the Chairman of BP Capital, the Executive Director of the Sierra Club, the Former President of Shell Oil, and other top oil companies, “Houston We Have A Problem” seeks the truth about our nation’s dependence on foreign oil. Screened at our Nation’s Capital and nationwide for Earth Day, and featured on Discovery’s Planet Green as part of its Reel Impact series, the documentary is now available on DVD.

August heating oil prices came under pressure during the initial morning hours and slipped down to their 200-day moving average. This pushed prices down to their lowest level since February 8th. The Commitments of Traders Futures and Options report as of June 21st showed non-commercial traders were net long 25,258 contracts, a decrease of 10,642. Non-commercial and nonreportable traders combined held a net long position of 37,607 contracts, a decrease of 12,432 during the week.

A new statewide survey of environment issues conducted by the Public Policy Institute of California found more residents favor climate change policy, want to cut greenhouse gas emissions and believe they are already experiencing the effects of global warming.

“This is a clear mandate that people want to move beyond dirty energy,” said David Graham-Caso, Los Angeles Sierra Club spokesman.

Codfuel.com is best known for providing fuel oil delivery orders to local oil dealers throughout the North East. For nearly a decade, Codfuel.com streamlined the online ordering process and has harnessed an enormous customer base that is continuously growing at a rapid pace. Fuel Oil Dealers and homeowners have embraced Codfuel.com as a very helpful and convenient tool.

Energy shares are mixed in late-session trading as crude oil futures slip to finish down near $93 a barrel.

Light, sweet crude oil for July delivery finished down 2% to $93.01 a barrel. In other energy futures, heating oil was down 1.5% to $2.95 a gallon while natural gas was down 2.0% to $4.32 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is down 2.42% to $36.48. The United States Natural Gas ETF (UNG) is down 2.22% at $11.