Heating Oil News

Brent crude is trading at around $97 a barrel, climbing for a third straight session as a geopolitical risk premium returns to the market. Uncertainty over US-Iran peace talks and the future of shipping through the Strait of Hormuz is keeping traders cautious. US crude inventories have now fallen for a sixth consecutive week, adding further support to prices.

UK kerosene is averaging around 89ppl including VAT, well below April's peak of 132ppl. A firmer pound and easing wholesale costs through the spring have helped bring prices to a comfortable level for buyers topping up ahead of next winter. With Brent off roughly 15% over the past month, the wholesale picture remains favourable for now.

Prices are sitting at one of the better levels we have seen this year, so it is a great time to compare suppliers on Fueltool and order now to lock in a competitive deal in your area.