The U.S. is tapping heating oil reserves ahead of the midterms. That is a political-calendar release, and the tape will care about distillate spreads first, crude second.

What happened: The U.S. will tap heating oil reserves ahead of the midterm elections, according to the report. Key numbers: Heating oil prices reached a national average of $6.14 a gallon the week of Oct. 12, with higher prices in some Northeast states. Why it matters: The reserve release comes as heating oil costs sit at elevated levels, with some Northeast states facing prices above the national average.

The U.S. will tap heating oil reserves ahead of the midterm elections, according to the report.

The reserve release comes as heating oil costs sit at elevated levels, with some Northeast states facing prices above the national average.