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Posted: 06/07/2016

Heating Oil Price Key Market Information June 2016

Heating Oil Price Key Market Information June 2016

Oil Market, Exchange Rate, and Heating Oil Price Information June 2016

Brent Crude Dated ($ per Barrel)

Price at Start of Month: $48.16                Price at End of Month: $48.45

Highest Price in Month: $50.73                Lowest Price in Month: $45.88

Pound £ to US Dollar Rate $ Exchange Rate FT:

Start of Month: 1.4412                               End of Month:1.3265

Kerosene (Heating Oil) Cargo Price $ per tonne

Start of Month: $470.25                            End of Month: $467.25

Highest Price in Month: $474.75              Lowest Price in Month: $445.75

Resulting in a Heating Oil Price (Pence Per Litre) Monthly range: 2.77 ppl

Commentary: Crude Oil / Heating Oil / Diesels

Market Data available from the BBC:

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

Oil Market news articles:

Too many to list here, with conflicting outlooks, but in the short term it is all about instability and steps into the unknown. The key influence on the price of oil this month is the £ to $ exchange rate which is near a 31 year low!