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Of course there is absolutely no way to know how the price of crude oil will fluctuate over the next six months. That said, the current price of about $62 per barrel is the lowest in a year, and it is certainly reasonable to consider a price lock.
A key point is the precise terms of the forward contract you sign. How much of your fuel oil will be purchased at the agreed rate? Is this a fixed rate or (preferably) a rate cap? If the price of oil plummets, is there a way to get out of the contract by paying a cancellation penalty?
As another poster mentioned, a rate lock will allow you to draw up a more precise budget, which is yet another advantage.
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