Sunday 16th April : Crude oils continue to remain static and their has been no trading since Thursday. After trending higher in recent sessions, then falling the price of crude gained some upward movement and there it hangs until trading resumes Monday in the US,
Brent Crude was at $55.89 up $0.03 or 0.05%. WTI is also trading up at $53.18 up $0.07 or 0.13%. Bloomberg’s heating oil price at $1.6495 is down by $0.25 or 0.15%. We are expecting heating prices to drop after the Easter Break.
UK heating oil prices continue to rise 14 days in a row on our 14 days figures. The price of heating oil has risen by just over 1.75 ppl. There are some signs that prices may fall from here on out. The average price over the last 14 days has ranged from 40.50 ppl to 42.15 ppl. However, there is the slightest hesitation in the price which suggests heating oil prices have reached a plateau. The blue logarithmic UK Average price continues to show an upwards trend which is now starting to plateau at the 42.10ppl mark.
Over the last 7 days the average UK heating oil price increased by 0.88 ppl to 42.19 ppl with an average of 41.96. In England, prices rose by 1.01 ppl to 41.96 ppl with an average of 41.72 ppl. Scotland has increased by 0.11 ppl over the week to 44.08 ppl with an average of 44.03 ppl. Wales saw the biggest rise of 1.05 ppl to 41.72 ppl with an average of 41.37 ppl. Northern Ireland saw a rise of 0.76 ppl to 40.17 ppl with an average of 39.83 ppl.