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Why some have no choice but to pay costly oil prices

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Why some have no choice but to pay costly oil prices
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Market & Financial Impact: The rural communities vulnerable to heating oil prices rises as the weather gets colder.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Many heating oil customers are having to buy early in preparation for the colder months

As the temperature drops, some of us will start putting the heating on but for the one-and-a-half million people across the UK that are not on the mains gas network - and who are relying instead on heating oil - that decision may give them pause.

The vast majority of those people live in rural locations.

The heating oil market is unregulated, unlike gas and electricity, so any changes in the global price quickly gets passed on to customers.

Tensions in the Middle East and the ongoing war in Ukraine are two issues currently both affecting supply which is causing prices to rise.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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