Changes in the leather pipeline anticipated
The macroeconomics appear to have been on a rollercoaster ride recently. Most significantly, oil prices shot up following a temporary dip to below $50 a barrel. A brief spell of cold weather and a great deal of speculation have sent oil prices up by almost $10 a barrel, destroying all hopes for a continued decline in energy costs. The supply pipeline has not reacted too sharply and prices for heating oil and petrol have not increased significantly, but the fear has returned.