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Posted: 05/02/2018

Heating Oil Key Market Information January 2018

Heating Oil Key Market Information January 2018

Heating Oil Price Key Market Information January 2018

Oil Market, Exchange Rate, and Heating Oil Price Information Jan 2018

Brent Crude Dated ($ per Barrel)

Price at Start of Month: $66.55                Price at End of Month: $68.15

Highest Price in Month: $70.79                Lowest Price in Month: $66.55

Pound £ to US Dollar Rate $ Exchange Rate FT:

Start of Month: 1.358                                 End of Month: 1.422

Kerosene (Heating Oil) Cargo Price $ per tonne

Start of Month: $638.20                                           End of Month: $661.25

Highest Price in Month: $674.75                            Lowest Price in Month: $638.20

Resulting in a Heating Oil Price (Pence Per Litre) Monthly range: 1.95 ppl

Although January experienced an increase in the cost of crude to it's highest level since December 2014, the weakening of the US Dollar $, soften the extent of the increases in pence per litre terms.

Oil Market commentary & Market Data available from:

http://www.bbc.co.uk/news/business/market_data/commodities/default.stm

 

https://www.cnbc.com/2018/01/24/oil-hits-highest-since-late-2014-on-us-crude-inventory-drop-weaker-dollar.html