Oil Prices, The Constant Changes In Demand And The Benefits That Come With It.

The oil market is facing unprecedented times. The Covid-19 spread is majorly the factor for this occurrence. It has seen the prices of oil in the U.S market fall to a negative. You may ask yourself what this means. This means that oil producers are now paying buyers to take the oil off their hands. How tables have turned! This has never happened in history and is mainly attributed to the rise in supply without a corresponding increase in demand. This has been occasioned by the lockdown experienced in many parts of the world. This has seen oil producers renting tankers to store this excess supply and thus the prices have fallen from an initial high to an all-time low of negative $37.63 a barrel.


Oil prices chart

Source Bloomberg.com

 

 Market dynamics are however different all over the world, and some markets have not been affected as much. These are mostly those that import oil, and their prices have mostly been constant. This has thus seen many oil producers resorting to cutting down their production by over 10 percent in a bid to reduce the supply. It is anticipated that the prices will pick up from June to July. These prices have however been very favorable to those on the road, particularly truck drivers. Many firms have also come out to offer great discounts to their customers. It has thus enabled them to make big savings. These are some of them, and why you should head there immediately.

 

1: Valvoline Oil Exchange Coupon.

 

Characterized by their great service delivery and friendly and professional personnel, Valvoline instant oil change has more for you. With a service delivery record of over 25 years, they have always delivered impressive results. An addition to their low costs, they also offer you a coupon to ensure more savings. For a synthetic blend oil change, you get a $7 off on your invoice. For a full-service conventional oil change, you get to make a $5 savings from the coupons.

 

2: Jiffy Lube oil change coupon.

 

With coupons that can be redeemed at any location in the country, Jiffy Lube puts convenience into their very name. All you have to do is enter the ZIP code on their website, and you will be directed to the nearest store. For their signature service, you will get a $10 off your oil change tab. What a great save.

 

3: Young Living essential oils.

 

For centuries, essential oils have enhanced the living standard of people. They have offered numerous benefits from cosmetic to dietary solutions. This ancient tradition has been a great addition to modern life and through the healing brought about by these oils, it is vital to get yourself a bottle. This will make an addition of nature’s pure glow into your life and make it even better.

Add comment

Add comment