The heating oil price depends on many factors that are
constantly fluctuating, such as the crude oil price, US dollar
exchange rate, Rhine freight rates, interest rates, trade agreements,
supply & demand, and changes in taxes and duties. Due
to the frequently tense political situation around the world, financial
markets are often highly volatile. Any news within the industry or in
politics can trigger speculation, causing markets to react very
sensitively. Unfortunately, no one can predict which news events will
occur, how the global situation will develop, or how markets will respond.
No one can accurately forecast with 100 percent certainty how heating oil
prices will evolve. You can find the development of heating oil prices in
recent years here.
Continue reading