Energy and Utility Management Consultants

Wholesale Market Price Update

October 2012


The wholesale price of Brent crude oil has dipped below the long-term rising trend line this week for the first time since early August on the back of concerns about the weak global economy which is likely to lessen oil demand. Natural gas and electricity prices followed suit, and both have lost their recent gains to return some short-term confidence to the markets, but as temperatures are now expected to be slightly below the seasonal norm for the next fortnight or so, an increase in demand is likely which may be reflected in a rising wholesale market.





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