Fuel Oil Price 29 October: Nothing New In The West, How Is The Winter?

How all week were crude oil prices hardly moves. Heating oil prices also made no exception and changed only minimally to the week and month end. LEIPZIG. (Ceto) You could say nothing new in the West, given the locations of crude oil traded in New York and London. How about all week very little was here today.

The fundamental market data reflect more of an excess supply, which also exists in Europe, despite the slow de-leveraging off strikes in France. Market participants were hoping until mid-afternoon on positive figures on the gross domestic product of the world’s largest consumer, the United States, that better than were expected, but not could soften the general reluctance on the commodity futures exchanges with 2.0 per cent. Restraint of the fuel oil price also fits on the development a Germany. The 100-litre batch cost 67,52 euro today at a shipment of 3,000 litres in the national average now. These are 11 cents less than yesterday and 4 cents less than at the beginning of the week.

Many customers are little whether this meaningful development confused whether she should order now or wait on falling prices. Dealer report of still subdued customer numbers. An assessment of how soon feeding winter, could help further. But the forecasts contradict each other exactly like the current economic news, providing a balanced oil prices. Predictors of a bitterly cold winter plunge on low activity of sunspots and a Gulf stream probably thereby weakened. To end October with temperatures below 2 C of the long-standing remedy seems to give these prophets. However, almost always a warm winter follows statistically on a cold October. Due to such forecast security”, one can also consult the 100-year calendar. Who says the upcoming winter 2010 / 2011 the following: winter is more dry than moist and pretty – if also not excessively cold. It begins with unlieblichem, rough weather, but it will soon get better. February can be “with lovely weather, but ends with very cold weather, which continues also in the March into.” (Source:). Granted, a decision to order quantity this half-baked assessment help nor. “Because you can try also with tried and true rules of Bauer, about: October wind, believe me, friends announced harsh winter”. “Or: much fog in the autumn, lots of snow in the winter.” Who contributes little to the decision-making process, which helps perhaps the following proverb: the wise man (or of course the woman) is built in. Say: sufficient to meet even a harsh winter orders. That reported the online portal of the journal fuel level and oil review on its Web site. The Ceto news ticker provides a daily assessment of the development of crude oil and heating oil prices as well as important messages to the energy market. Interested parties who want to include it on their website, see it here: informationen_ceto_newsticker.pdf