Fuel oil is set to lead the energy market higher as a current supply shortage coincides with the big freeze hitting the U.S. east coast, according to an analyst.
More than 40 million people up and down the eastern seaboard were subject to a winter warning Thursday with more than 20,000 without power. So far, more than 3,000 flights scheduled for Thursday and Friday have been canceled.
Boston is expecting up to a foot of snow while strong winds are expected in New England. Power use from consumers is expected to rise as a cold front whips up behind the storm.
