you not paying your heating bill because they already had your money. The Oil Price forecast at the end of the month.53, change for January.2. The Oil Price forecast at the end of the month.44, change for May.9. Production will top 12 million b/d. The average for the month.46. It must increase supply slowly enough to keep prices high enough to pay for increasing exploration. Worldwide crude oil prices will average 72 a barrel in 2018 and 71/b in 2019. The average for the month.15. Shale will make up 65 percent.S. The average for the month.26. On December 11, 2016, the usdx was 102.95.
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The Oil Price forecast at the forex platte end of the month 117.56, change for March.4. If enough shale oil producers go out of business, and Iran doesn't produce what it says it could, prices could return to their historic levels of 70-100 a barrel. The drawback of course is that the average price of heating oil over the entire course of the heating season would have to drop below.75/gallon for you to break even if you paid the extra 25 cents per gallon for the downside protection. It is important that you make an informed decision on what heating oil delivery option is best for your particular situation and risk tolerance. To find out more and to track how these are doing, visit our. High price 106.76, low.04. At this time of year especially leading up to Christmas, keep an eye on prices as the overall picture still suggests higher prices are around the corner. They couldn't stop production regardless of low oil prices. On November 30, 2017, opec agreed to continue the production cuts through 2018. The average for the month.52. The Oil Price forecast at the end of the month.30, change for February -4.3.