US Cash Products- NYH heat oil, Gulf Coast ULSD gain

NEW YORK, Jan 10 (Reuters) - Heating oil in the New York Harbor, the world's largest market for the fuel, inched up on Thursday, although warmer weather in the region has kept a ceiling on prices, traders said.

In the U.S. Gulf Coast, cleaner-burning ultra-low sulfur diesel gained as interest in shipping barrels to Northwest Europe and the Mediterranean supported a higher price, traders reported. Other traders, however, said that a lack of available ships hampered product flow.

Ship traffic on the Houston Ship Channel, which had been blocked by fog overnight and though the morning, began moving around midday Thursday.[ID:nN10356949]

The Colonial Pipeline, which transports products out of the U.S. Gulf Coast, began limiting shipping space on its gasoline and distillate lines for the 4th 5-day cycle of the year. [ID:nN10184016] [ID:nN10176668]

Gasoline in the Midwest's Chicago hub gained on Thursday, while in the Group Three hub, values inched lower, in what traders called a seasonally choppy market.

The region has recently been inundated with supplies of gasoline as demand dipped seasonally, according to traders.

On the New York Mercantile Exchange, U.S. crude futures slid on market worries of an economic slowdown.

For NYMEX reports click [O/N].

For a list of refinery outages, click [REF/US].