Tuesday November 6th 2018. A new month and crude oil prices continue have dropped over $4.00 in the last 6 days and is trying to make a price comeback. We feel that as the altered Iran sanctions and OPEC’s production increases it may help stabilise crude and downstream prices. Brent prices are down today by $0.61 (0.42%) and is $72.56. WTI is also down by $0.39 (0.62%) to $62.71. The #heatingoil price has lost $0.42 (0.19%) to $2.1921. Today’s domestic
#UK #heatingoil prices have risen today. At this time of year especially leading up to Christmas, keep an eye on prices as the overall picture still suggests higher prices are around the corner. Sanctions on Iran will be biting early November, so fill up your heating oil tanks as soon as you can.
The news from theweatheroutlook.com website for the rest of the week and next week is included below.
Tuesday: Central and eastern counties have bright spells but some showery rain is possible. In the west cloud thickens and outbreaks of rain develop. Winds strengthen and gales are likely in exposed western locations. In the east it could become unusually mild for November, with temperatures possibly reaching 18C (64F).
Wednesday: Wet and windy weather pushes eastwards. Showery conditions follow on from the west and it will be cooler than in recent days.
Thursday, Friday, Saturday, Sunday: Unsettled weather continues to bring showers or outbreaks of rain. It could become very wet and windy in all regions on Friday and Saturday. Temperatures generally close to the seasonal average in the north west but in the south east it could be quite mild at times.
From Monday 9th November. The unsettled theme continues. The north and west have the wettest spells with more frequent dry periods in the south east. At times it could become very windy in the north west. Temperatures generally close to the seasonal average but possibly a little below in the north.
The overall 31 day period trend has reversed downward and may stay that way until OPEC finds a price it is comfortable with after increasing production levels. Over the last 30 days average prices have generally tracked downward. Prices have dropped by 2.76ppl since 7th October but is showing some resistance now. Prices from UK distributors have risen today by 0.39ppl. For the time being #UK #heatingoil prices seem to be stabilising more indicating that we may be coming to the end of these competitive prices. So, if you snooze you will lose so buy now before it all changes.
This could all change anytime but any price rises may be restricted to minor increases. However, with the Saudi’s and other OPEC states increasing production we may now see stabilisation in crude and heating oil prices. Always use heatingoilshop.com to get comparative heating oil quotes from your local suppliers.
Do sign up with our twitter page ukheatingoils and keep upto date.
Longterm, to be honest we are not so confident in predicting the underlying Heating Oil price will continue to rise and reach 60.0ppl by late November given the U-turn by OPEC and the US part u-turn in applying sanctions. We are confident, as in previous years when the pre-Christmas rush gets into full swing you’ll end up paying more. In the short term our graph above indicates a downward trend despite the slight increase today. As we have said before, we may just get lucky and see this continuing or at least stabilising over the next 2 weeks. Remember, the weather plays an intricate part in pricing and we are in a period of wet, windy and chilly weather patterns. So, getting your fuel in now is crucial and may just prove to be the right action.
#Heatingoilprices rose today but are poised to stabilise at the lower level of pricing. We feel that filling your heating oil tanks now by getting multiple #heatingoilquotes from heatingoilshop.com today and comparing will have a beneficial affect on your finances. Today, we have seen low prices of 53.28ppl and highs of 62.07ppl (inc vat). Low and high prices are differing by a massive 8.79ppl suggesting one popular online site needs to check its pricing again. So, you would be better of comparing prices from suppliers in your area using heatingoilshop.com. Remember, prices change daily and could change hourly.
At this time of year especially leading up to Christmas, keep an eye on prices as the overall picture still suggests higher prices are around the corner. Our own online site survey which is based on 7 online broker sites and is up todate as of 10.00am this morning shows a downward trend over this 10 day period. Today’s average price rise of just 1.02ppl pushes the average England/Wales price to 56.41ppl. Today (Tuesday) our average UK
#heatingoilprice update shows 500 litres based on our survey prices at £282.03 and 1000 litres £564.06. It’s still a very competitive market and it really is time to get multiple #heatingoilquotes from heatingoilshop.com‘s suppliers and stop paying commissions. So, hop over to heatingoilshop.com to see if you can reduce your overall #heatingoil costs this Autumn.
Our advice is to keep those tanks topped up without paying commission or other charges being added. If you are low on fuel, less than 25% then you need to take action now and fill up at good prices.
#England prices fell 1.06ppl to 55.5782ppl.
#Scotland prices fell by 1.06ppl to 58.99ppl.
Heatingoilshop.com prides itself on not charging commissions, Saturday delivery charges and general website usage charges. Using a broker at any time is financially a bad bet. Why pay for
#heatingoil that includes commission, surcharges and Saturday delivery charges when you can deal direct with local suppliers through heatingoilshop.com ‘s multiple #heatingoilquotes system where you have a choice without the additional charges
The average price table is a guide only and does not constitute an offer. As regional, postcode and supplier differences occur, we encourage you to obtain multiple and competitive #heatingoilquotes from heatingoilshop.com to get the latest deals and prices from the suppliers delivering to your area.
Please note, we do not charge suppliers or consumers brokerage commissions nor do we add surcharges like other sites.