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Posted: 02/06/2017

Heating Oil Price Key Market Information May 2017

Heating Oil Price Key Market Information May 2017

Brent Crude Dated ($ per Barrel)

Price at Start of Month: $49.65                Price at End of Month: $49.21

Highest Price in Month: $53.58                Lowest Price in Month: $46.94

Pound £ to US Dollar Rate $ Exchange Rate FT:

Start of Month: 1.293                                 End of Month: 1.291

Kerosene (Heating Oil) Cargo Price $ per tonne

Start of Month: $479.50                                           End of Month: $479.50

Highest Price in Month: $513.25                            Lowest Price in Month: $458.00

Resulting in a Heating Oil Price (Pence Per Litre) Monthly range: 3.34 ppl

Interesting Articles on the oil price this month

9th May 17 Oil Market sentiment turns bearish

http://www.upi.com/Energy-News/2017/05/09/Oil-prices-inch-lower-as-market-sentiment-turns-bearish/5801494334870/?spt=su

4th May 17 Why are the oil markets crashing

http://oilprice.com/Energy/Oil-Prices/Why-Are-The-Oil-Markets-Crashing.html

15th May The Telegraph: Oil Prices bounce higher

http://www.telegraph.co.uk/business/2017/05/15/oil-prices-bounce-higher-ministers-promise-crude-cuts-2018/

31st May 17 Stars align against crude oil prices as $50 comes under threat

http://www.upi.com/Energy-News/2017/05/31/Stars-align-against-crude-oil-prices-as-50-comes-under-threat/5741496237545/?spt=su

Oil Market commentary & Market Data available from:

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