Heating Oil Price Key Market Information May 2016

Brent Crude Dated ($ per Barrel)

Price at Start of Month: $43.18                Price at End of Month: $49.26

Highest Price in Month: $49.53                Lowest Price in Month: $42.43

Pound £ to US Dollar Rate $ Exchange Rate FT:

Start of Month: 1.4548                               End of Month:1.4555

Kerosene (Heating Oil) Cargo Price $ per tonne

Start of Month: $414.50                                           End of Month: $478.50

Highest Price in Month: $478.50                             Lowest Price in Month: $399.50

Resulting in a Heating Oil Price (Pence Per Litre) Monthly range: 4.21 ppl

Market Data available from:

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

Oil Market news articles:

Is this the new normal in oil prices? Wild swings?

http://money.cnn.com/2016/05/24/investing/oil-prices-stay-wild-citigroup/index.html

It’s all about supply in May.

Oil Price rebounds on stockpile data shock

 http://www.theweek.co.uk/oil-price/60838/oil-price-to-be-dragged-down-by-more-saudi-pumping

Oil prices rise after IEA sees ‘dramatic’ fall in supply glut

http://www.marketwatch.com/story/oil-prices-ease-back-but-the-uptrend-remains-in-place-2016-05-12?mod=mw_share_twitter

Russia sees oil market balance in 2017

http://www.upi.com/Business_News/Energy-Industry/2016/05/13/Russia-sees-oil-market-balance-in-2017/7791463140418/?spt=sec&or=bn