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Tuesday, July 08, 2014

Price Changes for July 10, 2014

Hi to all,

Here's what I have for this week's changes. Looks like we can keep some "klink" in our pockets at the end of the week!

Heating and stove oils show a drop of 2.92 cents a litre on the way.
Diesel shows a drop of 2.7 cents a litre, and...
Gasoline shows a drop of 1.7 cents a litre.

Libyan exports have started, and that's added close to another 560,000 barrels of Brent crude to the markets. While oil prices declined, it seemed that attacks by the ISIS militants has not affected any exports from Iraq as well.

Good news for further exports entering the markets, and the more available out there, the less problems getting hold of the stuff.

The only downside here is that while prices for oil are slipping, the Canadian dollar is starting to lose a little ground against the US dollar. In other words, while prices decline, they may slow...

That's it for this week!

Regards to all,

George Murphy
Twitter @GeorgeMurphyMHA

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