Oil prices are continuing to reach new highs, in news that is likely to affect those who use home heating oil.Following an announcement earlier this week that the cost of a barrel of crude oil had reached a new high of over $101 (£51), oil prices have increased by more than $2 a barrel.A new re... More
Barclays Capital has reassessed its oil price estimates, increasing the amount it expects the commodity to be worth.The bank has pushed up its forecast for the year ahead by $10 (£5) per barrel, Reuters reports.Following yesterday's announcement that oil prices have hit $101a barrel - a new rec... More
Oil prices have jumped dramatically to a new record high, it has been reported, which could affect the cost of home heating oil.A barrel of oil is now worth more than $101 (£51) - a rise of 72 cents, Reuters reports.Oil prices hit $101.70 and then fell to $101.60 with the US falling faster towa... More
There have been fresh calls for the scrapping of heating oil duty paid by pensioners following the announcement that the National Grid has been given its biggest ever fine by Ofgem.Ofgem, the industry regulator, noted that cheaper deals had not been offered to customers as gas suppliers were prevent... More
Theft of heating oil has been reported by residents in Mid Devon.Police in the area are warning homeowners to be vigilant against a group of criminals who have been stealing the commodity, thisisexeter.co.uk reports.Those who own fuel tanks should ensure they are properly secured as the group are ta... More
Continuing concern over the US economy has caused a fall in the price of crude oil, according to reports, which could be of concern to users of home heating oil. Following an all-time high of $100.74 (£51.24) a barrel on February 20th, it has subsided by 2.7 per cent. The news agency suggested ... More
The hint of increased demand for heating oil and crude has pushed prices up past the $100 mark again, it has been reported. Bloomberg stated crude prices have risen by 16 per cent since this year's lowest on February 7th, to more than $101 (68.5 euros) a barrel on Thursday morning. It suggested the ... More
The price of heating oil and crude oil edged up again in New York on Thursday morning, it has been reported. Bloomberg stated crude prices have increased by 16 per cent since this year's lowest on February 7th, to just over $101 (£50) a barrel. It attributed the rise to possible increases in de... More
Home heating oil prices fell again this week after a sharp spike in prices to over $100 (£50) a barrel. While some analysts suggest Organization of Petroleum Exporting Countries' (Opec's) possible refusal to increase production could have contributed to the sudden increase, others say more soli... More
The price of heating oil and crude oil futures continued to rise on Tuesday amid speculation that Opec intends to cut output in the near future.Reports from the Middle East in recent days suggest that the energy ministers of several leading Opec nations expect demand for oil products to fall as the ... More
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