{"id":954,"date":"2017-01-12T10:10:33","date_gmt":"2017-01-12T10:10:33","guid":{"rendered":"http:\/\/www.valueoils.com\/blog\/?p=954"},"modified":"2017-01-12T10:10:33","modified_gmt":"2017-01-12T10:10:33","slug":"heating-oil-price-predictions","status":"publish","type":"post","link":"https:\/\/www.valueoils.com\/blog\/2017\/01\/12\/heating-oil-price-predictions\/","title":{"rendered":"Heating Oil Price Predictions"},"content":{"rendered":"

We\u2019ve had a few people querying our opinion on whether the price of heating oil is set to rise. January is generally thought of to be one of the cheaper months to buy heating oil but unfortunately this isn\u2019t the case for several reasons that we\u2019ll get onto. Truthfully, it\u2019s very hard to predict the price of oil due to the turbulent nature of today’s markets, few expected the prices to dip so suddenly in late 2015 and even fewer expected them to bounce back so quickly too! So why has this happened?
\n\u2022\tWeak currency \u2013 Oil being traded in US Dollars means that a stronger pound = cheaper heating oil. The EU referendum and other geopolitical events had a detrimental effect on the exchange rate. For example; in December 2015 1 GBP = 1.4742 USD and currently it trades at 1GBP = 1.24. And unfortunately, financial forecasts predict that the only way is down for the pound.
\n\u2022\tOrganisation of Petroleum Exporting Countries (OPEC). Give OPEC a quick Google and you\u2019ll see they\u2019ve been having a few meetings (September and November) were they have agreed to halt oil production. Russia (who aren\u2019t in OPEC) have also agreed to it. Prices have already shot up as a result; and unfortunately, we, and many others, predict that there it is only going to get worse. We won\u2019t actually feel the effects of this until mid-January 2017 which will put the prices up. However, OPEC nations notoriously don\u2019t get along with each other, so there is still a chance that they could fall out and make the price take a nosedive \u2013 we\u2019re holding out for that!
\n\u2022\tPolitics and current affairs \u2013 Where do we start? Brexit, Trump, Middle East in general, turbulence in politics creates an unsteady and uncertain market which leads to price fluctuations. Keeping it simplistic on this one!
\nWant to get ahead of the curve and get your oil ordered at todays cheap prices? Visit www.valueoils.co<\/a>m for an instant quote and get your oil from the UK\u2019s cheapest and most reliable website!<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019ve had a few people querying our opinion on whether the price of heating oil is set to rise. January is generally thought of to be one of the cheaper months to buy heating oil but unfortunately this isn\u2019t the case for several reasons that we\u2019ll get onto. Truthfully, it\u2019s very hard to predict the price of oil due to the turbulent nature of today’s markets, few expected the prices t… Read more<\/a><\/span><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/posts\/954"}],"collection":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/comments?post=954"}],"version-history":[{"count":0,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/posts\/954\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/media?parent=954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/categories?post=954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/tags?post=954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}