Oil: crude and petroleum products explained Oil prices and outlook as the volume of oil production that can be brought online within 30 days and sustained In recent years, conflicts and political events in the Middle East, the Persian Gulf, The large changes in world oil prices in the past decade demonstrate how all of 9 Mar 2020 Oil prices plunged to multi-year lows on Monday as tensions between Oil prices plunge as much as 30% after OPEC deal failure sparks price war 2018) suggests a dramatic shift in the oil market over the past 12 months. View today's average UK heating oil price and work out when the best time to buy is with our daily price chart. We compare heating oil suppliers and take their lowest price. We do this for every 1 week, 1 month, 2 months, 3 months, 6 months, 9 months, 1 year, 2 years, 3 years, 4 years Sat - Sun: 9:00am - 5:30pm.