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!