WTI crude tumbled on Wednesday, falling toward $100 per barrel as hopes grew for a US-Iran diplomatic breakthrough that could eventually restore some disrupted supply. The drop extends losses from earlier in the week, with traders reassessing the geopolitical risk premium that has kept prices elevated through much of 2026.
Home heating oil prices in the Northeast currently average around $4.75 per gallon at the retail level, though wholesale futures have dipped below $3.80 per gallon. As the off-season continues, suppliers are offering competitive rates to move inventory ahead of the summer maintenance period.
With crude pulling back from recent highs, this is a smart time to compare prices and place an order. Locking in a delivery now can help you secure a favorable rate before market conditions shift again.