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Posted: 16/10/2017

Heating Oil Price Key Market Information Sept 2017

Brent Crude Dated ($ per Barrel)

Price at Start of Month: $52.79                Price at End of Month: $57.09

Highest Price in Month: $59.31                Lowest Price in Month: $52.79

Pound £ to US Dollar Rate $ Exchange Rate FT:

Start of Month: 1.2885                              End of Month: 1.3417

Kerosene (Heating Oil) Cargo Price $ per tonne

Start of Month: $547.00                                           End of Month: $571.75

Highest Price in Month: $576.00                            Lowest Price in Month: $539.25

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

Crude showed a significant increase in cost over the course of the month, but the impact in pence per litre terms for heating oil was reduced by the variation in the exchange rate.

Oil Market commentary & Market Data available from:

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

Oil Price Volatility Is Set To Return

Oil markets could experience more intense price volatility in the coming years because of insufficient investment in new production. Investment is returning to the oil industry too slowly to eliminate the risk of tighter supply that would, in turn, cause price volatility even in the context of slowing global oil demand growth.

http://oilprice.com/Energy/Energy-General/Oil-Price-Volatility-Is-Set-To-Return.html