Oil tumble knocks prices lower
Heavy falls in the price of oil have pulled electricity and gas prices lower. The supply and demand factor has played a leading role here with stocks of oil and gas being much higher than usual. There appears to be a downward trend in the cost of energy and gas and if this continues prices should continue to fall.
Prices are currently at the same level as in mid-March which is still much higher than prior to the Libyan crisis and Japan tsunami.
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Energy Market Intelligence report – mid May 2011
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