Crude Oil & wholesale Diesel futures

gone

Well-Known Member
OPEC have agreed to cut production, Russia have not, it is driving crude oil prices higher. This is being mitigated by a stronger £ and to a lesser degree a stronger €, but should still see rises in agri diesel over the next few days.
 

gone

Well-Known Member
Diesel should drop in price over the next few days, from a high earlier in the week. The latest report has shown a big jump in stocks of refined products and has pushed the Rotterdam ULSD wholesale diesel prices down by about 3c/L.
 

gone

Well-Known Member
What way is home heating oil at the moment?
I don't follow Kero as closely as diesel, it is going lower but not by as much as diesel I think, about 2c/L. Probably Monday or Tuesday before the price drop feeds through and some are way slower to pass on price reductions.
 

gone

Well-Known Member
That price drop didn't last long, the markets decided today to jump back up almost as much as they dropped over the last days.
Some diesel/kero sellers may not even offer the lower prices, but good ones should on Monday or Tuesday.
 

gone

Well-Known Member
Wholesale diesel future prices are rising significantly today after a nice steady drop over the last week or so. It should be a good time to price around if you need diesel or kerosene.
 

gone

Well-Known Member
Wholesale ULSD (agri diesel) has just gone over $600/100ton. :tdown:.
The strengthened €uro and even more so the £ will reduce the rises a bit.
 

gone

Well-Known Member
Brent Crude has dropped below $60/barrel and wholesale ULSD, diesel, down nearly 10c/L since early January.
The Coronavirus is supposed to driving some f the drop along with warm temps in US and trade wars slowing most economies.
 

gone

Well-Known Member
Is the crude oil futures the most volatile commodity or what ?
Seems to be up and down like a yoyo.
There are a lot of competing forces influencing the oil trade.
The Covid 19 virus is after having a massive impact of engery use.
 
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SMID

Well-Known Member
How long should it take to lower the end user price @gone ? Their is speculation atm about the UK gov going to cut/scrap the red rebate at the budget
 
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