Business Energy Market Brief December 2014

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Low commodity prices continue to influence

Oil prices saw further declines through November as OPEC nations continued to keep supply volumes high – despite forecasts indicating lower demand for 2014-15. The resulting oversupply in the global market pulled oil prices to a new four-year low of $78.1/bl and filtered through into long-term UK gas and power prices.

via Catalyst Business Energy Market Brief December 2014.

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