---
title: Late session sell off pushes Futues into the Red
description: builds across the board on the DOE report..last 15 minutes pushed HO down .0368, RBOB slipped .0095 and Crude fell 1.37...
---

[Dennis K. Burke, Inc. Market Updates ](https://www.burkeoil.com/value-added-services/energy-market-updates)

# [Late session sell off pushes Futues into the Red](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/76987/Late-session-sell-off-pushes-Futues-into-the-Red)

 Written by [Mark Pszeniczny](https://www.burkeoil.com/value-added-services/energy-market-updates/author/mark-pszeniczny) | Jan 11, 2012 9:44:00 PM

Overnight action saw pits slightly higher as the market weighed the continued threat of Nigerian oil workers to join the General Strike that has paralyzed the Nation for the last several days.  Prior to the release of inventories, which many were still digesting the much less bearish EIA numbers from Tuesday night, the housing market got a boost with a report showing applications for homes were up 4.5% this period.  A bullish indicator for the economy in general. This kept the market trading on both sides of 0.00 much of the morning.  With the large builds across the board on the DOE report, the initial sell off fizzled away as the day wore on.  Again, only to late session heroics, as in the last 15 minutes pushed HO down .0368 to 3.0646, RBOB slipped .0095 to 2.7633 and Crude fell 1.37 to $100.87.  Adding to my notes yesterday, many commented on the disbelief of how range bound the Heat pit has been this year.  Below is an eight month snap shot and shows the caterpillar like chart.  A solidly defined range of 2.70 to 3.15.  Currently sitting at 3.06, lets hope that this pattern continues.

DAILY HEATING OIL CHART

| RBOB CLOSE |
| --- |
|                  CLOSE       CHANGE     FEB    27633       -.0095 MAR   27703      -.0089 APR    28954      -.0088 MAY   28905      -.0088 JUN   28706       -.0086 JUL    28442      -.0083 |

| HEAT CLOSE |
| --- |
|           CLOSE    CHANGE FEB     30646     -.0368 MAR    30593      -.0346 APR     30409      -.0337 MAY   30195      -.0329 JUN    30090     -.0301 JUL     30090      -.0285 |

[View full post](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/76987/Late-session-sell-off-pushes-Futues-into-the-Red)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Mark Pszeniczny"
  },
  "dateModified" : "2016-05-18T21:49:08.003Z",
  "datePublished" : "2012-01-11T21:44:00Z",
  "headline" : "Late session sell off pushes Futues into the Red",
  "image" : {
    "@type" : "ImageObject",
    "url" : "https://origin.ih.constantcontact.com/fs009/1103622714445/img/105.jpg"
  },
  "mainEntityOfPage" : "https://www.burkeoil.com/value-added-services/energy-market-updates/bid/76987/Late-session-sell-off-pushes-Futues-into-the-Red",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Energy Market Updates"
  }
}
```