Sunday 23rd: Crude oils have continued to fall quite heavily up until the 21st of April. Brent Crude was down at $51.96 down $1.03 or down1.94%. The price has dropped $4.00 since 18/4/2014. WTI is also trading down and below the $50 mark at $49.62 down $1.09 or 2.15%. Bloomberg’s heating oil price at $1.5533 is down by $2.56 or 1.62%. We are expecting heating prices to continue to drop this week.
UK heating oil prices have now fallen from a high of 42.20 ppl to 41.45ppl over the last 4 days. The average price over the last 14 days has ranged from 41.30ppl to 41.45 reaching a high of 42.20ppl. The blue logarithmic UK Average price continues to show a very slight upwards trend but clearly destined to fall in the next couple of days.
Over the last 7 days the average UK heating oil price decreased by 0.74 ppl to 41.45 ppl. England, prices fell by 0.92 ppl to 41.05 ppl. Scotland has also decreased by 0.13 ppl over the week to 43.95. Wales saw a fall of 0.32 ppl to 41.40 ppl. Northern Ireland saw a fall of 0.50 ppl to 39.66 ppl.
Over the last 7 days the average UK heating oil price increased by 0.18 ppl to 42.18 ppl with an average of 42.14. In England, prices rose by 0.16 ppl to 41.96 ppl with an average of 41.93 ppl. Scotland has increased by 0.02 ppl over the week to 44.07 ppl with an average of 44.06 ppl. Wales saw the biggest rise of 0.44 ppl to 41.72 ppl with an average of 41.62 ppl. Northern Ireland saw a rise of 0.42 ppl to 40.16 ppl with an average of 40.00 ppl.