Oil Prices Rising Again

The price of Brent crude (1 month forward) has risen to about  $68/ barrel.  A few weeks ago it was as low as $45 dollars a barrel.  It is possibly a good sign that prices are rising – it may be a hint of more demand caused by some economic global recovery. On the other hand – it could just be that  OPEC are looking for a target price of $85 a barrel and may  not increase production until  oil prices are in the $80/ barrel region.  If your  oil tank is low – it may be a good time to order some heating oil before price rises are passed on.  It might also be a good time to look into those grants for insulation and new boilers.