BoilerJuice Domestic Heating Oil Price Trend NI for September 16th

16 September 2011

Posted by Neil Brunskill

The cost of heating oil in Northern Ireland has risen this morning (September 16th), to make back some of the losses it recorded over the last few days.

After remaining at an average price of around 57.7p per litre for the earlier part of the week, which was the highest level recorded since early May, declines were seen on Wednesday and Thursday as the fuel dipped to a level of 56.9p.

However, the morning saw these falls begin to reverse, climbing back above the 57p mark to reach a level of just below 57.2p.

Meanwhile, a lack of supply for oil products has seen worldwide markets rise again today, with Bloomberg suggesting the commodity is heading for its longest weekly winning streak since July.

The news source reported that the cost of a barrel of Brent crude for November delivery increased to £112.77 (£71.46) in London, a gain of 0.4 per cent, with prices for the year as a whole having risen by 44 per cent.

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